AUDUSD Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall price action is in a downtrend but we have seen some rejection from support around 0.72000 which pushed price action back into a range.
For us to continue with the bearish trend we need to see a bearish break of support around 0.72000 with a confirmed lower high below.
Trade scenario 2: If we want to consider AU bullish we would need to see a break above resistance around 0.73000 with a higher low above.
We always try to avoid range trading so we will ultimately have to wait for a major break of either support or resistance.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall price action is in a downtrend but we have seen some rejection from support around 0.72000 which pushed price action back into a range.
For us to continue with the bearish trend we need to see a bearish break of support around 0.72000 with a confirmed lower high below.
Trade scenario 2: If we want to consider AU bullish we would need to see a break above resistance around 0.73000 with a higher low above.
We always try to avoid range trading so we will ultimately have to wait for a major break of either support or resistance.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.