AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish on all timeframes and we recently broke support at 0.73000.
Ideally, we will see price action retest 0.73000 and form a lower high with confirmations we can enter short on.
Trade scenario 2: For us to consider AU bullish again we will first need to see a 4hour transition. Look for a break of 0.73000 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish on all timeframes and we recently broke support at 0.73000.
Ideally, we will see price action retest 0.73000 and form a lower high with confirmations we can enter short on.
Trade scenario 2: For us to consider AU bullish again we will first need to see a 4hour transition. Look for a break of 0.73000 with a confirmed higher low above.