AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking bearish but we need to see how price action reacts near 0.72000 first.
Ideally, we can see price action push lower then form a lower high below 0.72000. We can then look for short opportunities and target lower support levels.
Trade scenario 2: For us to consider AU bullish we would need to see a higher low above 0.72000.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking bearish but we need to see how price action reacts near 0.72000 first.
Ideally, we can see price action push lower then form a lower high below 0.72000. We can then look for short opportunities and target lower support levels.
Trade scenario 2: For us to consider AU bullish we would need to see a higher low above 0.72000.