AUDUSD 4hour Analysis August 14th, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are back to bullish on the 4hour. We are actually looking a bit overextended at the moment.
We can see price action is resting at our 0.71100 zone where we are waiting for reactions.
Ideally, price action swings back to find structure and rejects support around 0.70000.
This would present a higher low and good entry opportunities.
Trade scenario 2: Price action is from any bearish opportunities but the first thing we would need to see is a break of support around 0.70000 with structure below.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are back to bullish on the 4hour. We are actually looking a bit overextended at the moment.
We can see price action is resting at our 0.71100 zone where we are waiting for reactions.
Ideally, price action swings back to find structure and rejects support around 0.70000.
This would present a higher low and good entry opportunities.
Trade scenario 2: Price action is from any bearish opportunities but the first thing we would need to see is a break of support around 0.70000 with structure below.
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