AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are very bullish on AU and we recently saw a major break of resistance at 0.78000. Now we want to see this break confirmed. Look for a pullback and higher low at 0.78000 & our 38.2% fib level. Look to enter long on strong bullish confirmations and target higher toward our negative fib levels.
Trade scenario 2: For us to consider AU bearish we need to see a break back below 0.78000. Enter short on a confirmed lower high below. Look to target lower toward the bottom of the range.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are very bullish on AU and we recently saw a major break of resistance at 0.78000. Now we want to see this break confirmed. Look for a pullback and higher low at 0.78000 & our 38.2% fib level. Look to enter long on strong bullish confirmations and target higher toward our negative fib levels.
Trade scenario 2: For us to consider AU bearish we need to see a break back below 0.78000. Enter short on a confirmed lower high below. Look to target lower toward the bottom of the range.