AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are overall bearish on AU but we have been stuck in a range that looks to be breaking bearishly now.
Going into this week we’re looking to ride the existing bearish trend and a break of 0.64000 with a lower high below would be enough to consider shorts.
Trade scenario 2: If we are to consider AU more bullish we first would need to see a bounce off 0.64000 and the range continue. Look to target toward the top of the range then consider reactions at resistance.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are overall bearish on AU but we have been stuck in a range that looks to be breaking bearishly now.
Going into this week we’re looking to ride the existing bearish trend and a break of 0.64000 with a lower high below would be enough to consider shorts.
Trade scenario 2: If we are to consider AU more bullish we first would need to see a bounce off 0.64000 and the range continue. Look to target toward the top of the range then consider reactions at resistance.