AUDUSD 4hour Analysis August 8th, 2021
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on AU overall and we are a few confirmations away from a great short scenario.
Currently we’re looking for price action to present a lower high followed by strong bearish setups to enter on just below 0.73800.
Trade scenario 2: For us to consider AU bullish we would need to first see a break of resistance at 0.74000 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on AU overall and we are a few confirmations away from a great short scenario.
Currently we’re looking for price action to present a lower high followed by strong bearish setups to enter on just below 0.73800.
Trade scenario 2: For us to consider AU bullish we would need to first see a break of resistance at 0.74000 with a higher low above.