AUDUSD Long idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action continues with the current bullish trend and breaks 0.71500. Look for a higher low above that level for a potential long opportunity. Target higher toward our key resistance at 0.72000
Trade scenario 2: We see bullish momentum fade and a reversal happens. Look for a break and retest below our 4hour level at 0.71000. Target lower toward our monthly support and weekly structure at 0.70000
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action continues with the current bullish trend and breaks 0.71500. Look for a higher low above that level for a potential long opportunity. Target higher toward our key resistance at 0.72000
Trade scenario 2: We see bullish momentum fade and a reversal happens. Look for a break and retest below our 4hour level at 0.71000. Target lower toward our monthly support and weekly structure at 0.70000