AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while.
The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000
Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken.
After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while.
The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000
Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken.
After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.