AUDUSD 4hour Analysis November 15th, 2020
AUDUSD Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Price action resumes the overall bullish trend and pushes through our 4hour level at 0.72700. Enter long on strong bullish setups confirming a higher low above 0.72700. Target higher toward key resistance around 0.73400.
Trade scenario 2: Price action goes bearish. Look to enter on bearish setups confirming a lower high below our 4hour break of structure at 0.72700. Target lower toward our daily support around 0.72000.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Price action resumes the overall bullish trend and pushes through our 4hour level at 0.72700. Enter long on strong bullish setups confirming a higher low above 0.72700. Target higher toward key resistance around 0.73400.
Trade scenario 2: Price action goes bearish. Look to enter on bearish setups confirming a lower high below our 4hour break of structure at 0.72700. Target lower toward our daily support around 0.72000.