Sell for the AUDUSD
The rising wedge pattern formation on the 4hr timeframe is happening right at a major support/resistance zone viewable from the higher time=frames. Price broke below the previous low indicating a possible change of trend to the downside. I am a trend trader and my signal for entry is to wait for price to pullback to my preferred sell zone which price has almost done. I will enter in for a swing sell trade when price hits my sell zone OR I place a sell limit order incase price hits zone in my absence.
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