AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are looking pretty bullish here on the 4hour timeframe and price action is holding a steady bullish channel.
The most likely scenario is that price action will continue bullish and we will look for higher lows established above 0.72000 to enter long on.
Trade scenario 2: If we are to consider AU bearish we would first need to see a 4hour transition with price action forming a lower high below 0.71450.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are looking pretty bullish here on the 4hour timeframe and price action is holding a steady bullish channel.
The most likely scenario is that price action will continue bullish and we will look for higher lows established above 0.72000 to enter long on.
Trade scenario 2: If we are to consider AU bearish we would first need to see a 4hour transition with price action forming a lower high below 0.71450.