AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish on all timeframes and last week we saw a major drop to our 0.70000 support zone.
From here we’re looking to continue bearish and enter specifically on lower high setups. This could be a multiple setup analysis if price action continues to drop.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.71150 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish on all timeframes and last week we saw a major drop to our 0.70000 support zone.
From here we’re looking to continue bearish and enter specifically on lower high setups. This could be a multiple setup analysis if price action continues to drop.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.71150 with a higher low above.
