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Australian Dollar / U.S. Dollar
Short

AUDUSD - Short on Trend line bounce

By YonatanBren
Updated
AUDUSD Is getting into a wedge formation - Price Hits the trend line and bounces off the Support trend (Green) , Price is expected to hit the wedge resistance line (White) where there will be more supply for the selloff - Shorting could be a good idea - Wait for a confirmation candle before making a move

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Alternatively, - Price may challenge the upper red large supply zone and use the wedge as support for the breakout
Note
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Note
Hanging man candlestick pattern may indicate Bulls are getting tired

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Trade active
T1

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YonatanBren

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