AUDUSD 4hour Analysis February 20th, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: The 4hour timeframe is looking bullish while the higher timeframes are still majorly bearish.
From where price action is right now we’re looking for a higher low near 0.71450 with bullish setups to confirm.
Look to target back toward 0.72000 and look for a break.
Trade scenario 2: If we are to consider AU bearish on this timeframe again we need to see a break of support near 0.71450 with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: The 4hour timeframe is looking bullish while the higher timeframes are still majorly bearish.
From where price action is right now we’re looking for a higher low near 0.71450 with bullish setups to confirm.
Look to target back toward 0.72000 and look for a break.
Trade scenario 2: If we are to consider AU bearish on this timeframe again we need to see a break of support near 0.71450 with a lower high below.
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