audusd , breakdown + analysis' sell but @ what price ?
on Thursday 28 oct.21 price showed several rejections on a bullish trendline acting also as resistance , price failed to form a full OHLC candlestick indicating breakout or even close above the trendline. bullish momentum came into play and the instrument pushed to the downside. currently price is reacting to a liquidity pull and is showing of an overarching trend , from my analysis i am waiting for the market to playout a continue it reversal to daily supply peak @ 0.74872 where I will be shorting the currency major pair . further confirmation for the short is that at the peak we have a retracement level 0.5 (50%) taken from swing high 0.75555 to swing low 0.74195. targets for order will be on the top of a 4HR order block.
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