AUDUSD 4hour Analysis September 27th, 2020
AUDUSD Bearish idea
Trend: Bearish
Trade scenario 1: Price action pulls back to form structure at either the 38.2% or 61.8% fib level. We will look for short opportunities on strong bearish setups confirming rejection of either of these levels. Look to target lower toward major support and negative fib levels.
For us to consider a bullish opportunity on this pair we need to see a confirmed break of a 4hour lower high.
Trend: Bearish
Trade scenario 1: Price action pulls back to form structure at either the 38.2% or 61.8% fib level. We will look for short opportunities on strong bearish setups confirming rejection of either of these levels. Look to target lower toward major support and negative fib levels.
For us to consider a bullish opportunity on this pair we need to see a confirmed break of a 4hour lower high.