AudUsd - Daily time frame. I see a pullback on dollar index so I am expecting USD strength and this pair to drop another swing down.
I believe t is ranging, so to "play the game", without fundamentals nearby can mean repetition is on the way to the downside for months waiting time for gain.
looks to be making a nice flag here, watch for the breakouts!
Basic setup on the 4H AUDUSD Chart, 4 main things causing me to have a bearish bias: 1.) lower highs and lower lows : 3rd trend line touch of overall bearish move 2.) .618 retracement of recent swing : "golden" fib ratio, high quality setup 3.) double top on 1H price action : prz acting as resistance 4.) daily & 4H bearish hidden divergence This trade already...