AUDUSD 4hour Analysis October 31st, 2021

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AUDUSD Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: We have spotted some consolidation at this high on AU with the trend clearly being overall very bullish.

Ideally, we’re looking to continue with this bullish trend and enter long on a bullish break of this ascending triangle pattern. Look to enter long on a convincing break or wait for a retest of the pattern.

Trade scenario 2: If we’re to look short on AU we would need to see a break below 0.75000 with a confirmed lower high below.

Feragatname

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