AUDUSD 4hour Analysis January 16th, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Higher timeframes are still holding an overall bearish trend while the 4hour trend is bullish and looks promising for the week ahead.
We’re looking for higher lows near 0.72000 support with strong bullish candlestick setups to enter long on. Look to target higher toward key resistance levels.
Trade scenario 2: For us to consider AU bearish we need to see a break of 0.72000 support with a lower high below. Target lower toward major support levels.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Higher timeframes are still holding an overall bearish trend while the 4hour trend is bullish and looks promising for the week ahead.
We’re looking for higher lows near 0.72000 support with strong bullish candlestick setups to enter long on. Look to target higher toward key resistance levels.
Trade scenario 2: For us to consider AU bearish we need to see a break of 0.72000 support with a lower high below. Target lower toward major support levels.