AUDUSD 4hour Analysis September 20th, 2020
AUDUSD Long idea
Trend: Bullish
Trade scenario 1: Price action continues with the overall bullish trend. Look to enter conservatively on a break and retest of 0.73400. Enter on bullish confirmations and target higher toward our 0% fib level
Trade scenario 2: Price action pushes lower outside of this pattern. Look for a lower high below 0.72650 to confirm a potential bearish push toward our 78.6% fib level.
Trend: Bullish
Trade scenario 1: Price action continues with the overall bullish trend. Look to enter conservatively on a break and retest of 0.73400. Enter on bullish confirmations and target higher toward our 0% fib level
Trade scenario 2: Price action pushes lower outside of this pattern. Look for a lower high below 0.72650 to confirm a potential bearish push toward our 78.6% fib level.