Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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AUDUSD ZOOMED OUT PICTURE
As we can see price is still overall bearish trading inside this channel from a long-term perspective.
Moreover, for the bulls to take over from a medium-term perspective, we need a break above the marked major swing high, then a movement higher would be expected.
Meanwhile, as the price will be approaching our upper massive zone, we will be looking for new bearish movements as a trend-following setup adding on price will be lining up with a strong resistance zone.
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and as usual follow your trading plan and manage your risk.
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