AUD/USD30 Mins Frame
🧠 Technical Overview:
The pair is moving in a clear downtrend, as confirmed by the descending trendline connecting multiple lower highs.
Every bullish attempt has been rejected at this trendline, showing strong seller pressure.
🧩 Key Technical Elements:
1. Downtrend Line:
Accurately drawn across descending highs.
Price has tested and rejected from this line multiple times, confirming its strength as a dynamic resistance.
2. Supply Zone:
Highlighted in red between 0.6565 and 0.6575.
Price entered this zone and was immediately rejected, reinforcing bearish sentiment.
3. Entry Point:
Sell at 0.6560, after price failed to break above both the supply zone and trendline resistance.
4. Stop Loss:
0.65850, placed just above the supply zone and the previous high — a safe level to exit if the setup fails.
5. Target Levels:
First Target: 0.65365 – a minor support level and reasonable short-term target.
Major Target: 0.65157 – a stronger previous support and potential reversal point.
📉 Expected Price Action:
As long as the price stays below the trendline and supply zone, further downside is expected.
The most recent price action shows a false breakout above resistance followed by a sharp drop, typical behavior in a downtrend.
🔥 Risk-to-Reward Ratio (R:R):
First Target:
Risk: 0.65850 – 0.6560 = 25 pips
Reward: 0.6560 – 0.65365 = 23.5 pips
→ R:R ≈ 1:1
Major Target:
Reward: 0.6560 – 0.65157 = 44.3 pips
→ R:R ≈ 1.8:1
✅ Solid R:R ratio especially toward the major target.
✅ Conclusion:
This is a technically sound short setup in line with the dominant downtrend.
The rejection from both the supply zone and trendline strengthens the bearish case.
Suitable for short- to medium-term traders, with clearly defined risk management.
