AUDUSD 4hour TF -June 17th, 2024
Monthly - Bearish
Weekly - Bearish
Daily - Ranging
4Hour - Ranging
Scenario 1: We have been ranging for weeks and just found support for price action around 0.65800. Look for a higher low above the 0.66200 zone, If this happens expect AU to be move to the top of the range.
Scenario 2: If the range breaks bearish look for price action to form a lower lower below the 0.65800 zone followed by an undisputed lower high. Look for rejection + bearish conviction from resistance.
Weekly - Bearish
Daily - Ranging
4Hour - Ranging
Scenario 1: We have been ranging for weeks and just found support for price action around 0.65800. Look for a higher low above the 0.66200 zone, If this happens expect AU to be move to the top of the range.
Scenario 2: If the range breaks bearish look for price action to form a lower lower below the 0.65800 zone followed by an undisputed lower high. Look for rejection + bearish conviction from resistance.
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