AUDUSD 4hour Analysis November 13th, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are now looking bullish on AU as we surged through our 0.65500 zone and now price action is now resting near our 0.67000 zone.
Going into this week we’re looking for reactions and the most likely scenario would be a retrace to 0.65500.
Ideally, we can spot a clear higher low with bullish variations to enter long on.
Trade scenario 2: For us to consider AU bearish again we would need to see a break below our 0.65500 zone with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are now looking bullish on AU as we surged through our 0.65500 zone and now price action is now resting near our 0.67000 zone.
Going into this week we’re looking for reactions and the most likely scenario would be a retrace to 0.65500.
Ideally, we can spot a clear higher low with bullish variations to enter long on.
Trade scenario 2: For us to consider AU bearish again we would need to see a break below our 0.65500 zone with a lower high below.