AUDUSD 4hour Analysis February 6th, 2022
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AU and last week we saw a significant bearish leg form.
From here we’re looking to continue with the bearish trend and we will be looking for lower high setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of resistance near 0.71000 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AU and last week we saw a significant bearish leg form.
From here we’re looking to continue with the bearish trend and we will be looking for lower high setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of resistance near 0.71000 with a higher low above.
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