AUDUSD 4hour Analysis August 7th, 2022
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is looking bearish on the 4hour timeframe while still bullish on the daily.
Ideally, price action forms a lower high below our 0.69500 zone with strong bearish setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break above 0.69500 with structure in the form of a higher low above.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is looking bearish on the 4hour timeframe while still bullish on the daily.
Ideally, price action forms a lower high below our 0.69500 zone with strong bearish setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break above 0.69500 with structure in the form of a higher low above.
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