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AUDUSD 4hour Analysis May 22nd, 2022

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AUDUSD Bullish Idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish

Trade scenario 1: Looking newly bullish on AUDUSD 4hour and we’re looking for higher lows above 0.70000 with strong bullish candlestick setups to enter on. Look to target higher toward 0.71700.

Trade scenario 2: For us to consider AU bearish again on the 4hour we need to see a break below 0.70000.

If this happens look to enter short on a lower high with strong bearish setups.

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