AUDUSD - Trade setup - trend reversal /
Updated
Going short
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AUDUSD is trading on a descending channel, bulls have become weaker and it is going the break the 4 months support as bears has taken over.
trading will continue on this support for a while but the overall trend is bearish -
wait for a break out or sell from top - the price may jump up from this support and will fail to make a higher high.
Short Target 1 - 0.7009
Short Target 2 - 0.6955
Short Target 3 - 0.6613
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