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AUDUSD 4hour Analysis August 21st, 2022
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking super bearish on AU and it’s not showing signs of slowing down yet.
We are right near key support (0.68500) and how price action reacts here will determine everything.
If we are to consider long scenarios we need to see a very convincing reversal off current support.
Trade scenario 2: If falling price action does not slow down, look for a clean break of 0.68500 with any sort of confirmation below.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking super bearish on AU and it’s not showing signs of slowing down yet.
We are right near key support (0.68500) and how price action reacts here will determine everything.
If we are to consider long scenarios we need to see a very convincing reversal off current support.
Trade scenario 2: If falling price action does not slow down, look for a clean break of 0.68500 with any sort of confirmation below.
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