AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AU is looking very bullish since we broke back above our daily 0.68500 zone.
Going into this week price action is strongly suggesting we will continue bullish so either price action will rally from where it is now and shoot higher toward 0.70000 or we will have a great opportunity to enter on a higher low (the blue trade path)
Trade scenario 2: If we are to consider AU bearish again we would need to see a break back below 0.68500 with a confirmed lower high.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AU is looking very bullish since we broke back above our daily 0.68500 zone.
Going into this week price action is strongly suggesting we will continue bullish so either price action will rally from where it is now and shoot higher toward 0.70000 or we will have a great opportunity to enter on a higher low (the blue trade path)
Trade scenario 2: If we are to consider AU bearish again we would need to see a break back below 0.68500 with a confirmed lower high.