AUDUSD 4hour Analysis December 18th, 2022
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short.
Look for price action to consolidate and establish a larger presence below 0.67000, when we can spot clear bearish conviction we can then consider trades.
Trade scenario 2: For us to consider AU bullish again we need to see price action push above 0.67000 with structure and bullish conviction.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short.
Look for price action to consolidate and establish a larger presence below 0.67000, when we can spot clear bearish conviction we can then consider trades.
Trade scenario 2: For us to consider AU bullish again we need to see price action push above 0.67000 with structure and bullish conviction.
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