AUDUSD Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking strongly bearish here on AUDUSD and the support level we’re at around 0.72500 is the make or break zone here.
It is more than likely that AU will continue bearish as it is showing no signs of slowing down. Ideally, we can spot a lower high below 0.72500 to enter short on.
Trade scenario 2: For us to consider AU for long scenarios we really need to see reactions now at this support level (0.72500).
If we can spot some good structure and a bullish 4hour trend then we will be interested in entering long.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking strongly bearish here on AUDUSD and the support level we’re at around 0.72500 is the make or break zone here.
It is more than likely that AU will continue bearish as it is showing no signs of slowing down. Ideally, we can spot a lower high below 0.72500 to enter short on.
Trade scenario 2: For us to consider AU for long scenarios we really need to see reactions now at this support level (0.72500).
If we can spot some good structure and a bullish 4hour trend then we will be interested in entering long.