AUDUSD seems bearish yet
AUDUSDSo in daily , audusd has touched a resistance zone which was also in the top of downtrend so price started falling .
now in 4h it's moving in a descending channel , so if the momentum decrease when it's getting close the orange zone , we may can go for a short position , there can be also good r/r and good place to put your sl .
wait for price action to the orange zone and if candles will look bullish and strong , forget about going short there .
what's your opinion ??
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.