AUDUSD Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation.
For us to enter we ideally need to see a lower high below the range.
Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation.
For us to enter we ideally need to see a lower high below the range.
Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.