According to my analysis, we are currently under reaccumulation on a weekly timeframe, the price has broken the creek so will be waiting for the price to mitigate the order block in the spring. If you can go to a lower timeframe like one 1hour you will find distribution taking place, which is a confirmation that the price is going to fall to the order block in the...
we are still in an uptrend so its better you look for buy entries
i will be anticipating for the push to a third touch to the top in the smaller channel. then thats when we will see how the market play out, whether it continues to the top or it respect the channel and fall.....wait for the news to come out before you take the trade.
AUDUSD is in sell direction for the entire month...its better to look for selling opportunities.....i have already placed the trade and im in deep profit