AUDUSD OUTLOOK
Price trading inside bullish channel but has rejected from the recent high, with a rising wedge pattern formation which indicates a potential reversal to the downside.
It's currently being mitigated at the order block, and there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:3.
Price trading inside bullish channel but has rejected from the recent high, with a rising wedge pattern formation which indicates a potential reversal to the downside.
It's currently being mitigated at the order block, and there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:3.