AUDUSD is showing Bearish Trend in 1H Time Frame. As you can see, after making consecutive Higher Highs and Lows, Advancing Phase comes to End. After Advancing Phase, then the price moved in Distribution Phase and after breaking Distribution Phase as I mark it on the chart then it enters the Declining Phase So, the Entry Point will be 0.6724 with Stop Loss of 0.68287. Take Profit 1 will be 0.66193 and Take Profit 0.65146.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.