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Short-signal

Bearish Entry Signal in AUDUSD at 0.66685 LevelThe AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price to rebound slightly higher, and then break the pattern with clear momentum at the level of 0.66685. Breaking this level and stabilizing below it can be considered a bearish entry signal, with the target being 0.660 and then 0.657. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB