AUDUSD Potential Downside from the Bearish Order Block
Bearish Order Block: 0.65762 - 0.65708
Based on my analysis using Smart Money Concepts (SMC), AUDUSD has formed a bearish order block around 0.65762 to 0.65708. Price action is showing signs of a potential reversal within this block, suggesting that sellers might step in at this level, leading to a downward move.
I'll be watching how AUDUSD reacts in this range, with a high probability of this trade ending in profits if the order block holds strong as resistance.
Trade Details:
Position: Short
Lot Size: 0.2
Entry Price: 0.65708
Take Profit: 0.65531
Stop Loss: 0.65885
This setup aligns with institutional movement patterns, and I’ll be monitoring for confirmation of bearish momentum. Let’s see how the market reacts!