AUDUSD Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1:Overall we are bearish on AU but we have been seeing a bit of bullish 4hour trend.
Currently, if we’re to consider long positions we need to see a higher low above 0.72000. Also look for strong break out signals and strong bullish variations leading up to 0.72000.
Trade scenario 2: If we are to consider AU bearish again we need to see a lower high below 0.71000.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1:Overall we are bearish on AU but we have been seeing a bit of bullish 4hour trend.
Currently, if we’re to consider long positions we need to see a higher low above 0.72000. Also look for strong break out signals and strong bullish variations leading up to 0.72000.
Trade scenario 2: If we are to consider AU bearish again we need to see a lower high below 0.71000.