AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high.
From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long.
Trade scenario 2: For us to consider AU bearish we need to see a break of 0.74000 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high.
From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long.
Trade scenario 2: For us to consider AU bearish we need to see a break of 0.74000 with a lower high below.