possible short on AUDUSD

after a two years classical pennant formed, big bearish engulfing candle formed but couldn’t reach the lower trend line as suppose, very importand, this happened because a big rejection around 0.7694 took place due automatic systems, so we may see price going up but if the low volume remain during this candle, we might see price action taking us lower to test pennant

Trade ist aktiv:

the bearish continuation pattern was broken and the area of selling sensitivity worked as expected, adding resistance and momentun for the continuacion of the bearish trend