YonatanBren

AUDUSD - Short on Trend line bounce

Short
YonatanBren Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
1
AUDUSD Is getting into a wedge formation - Price Hits the trend line and bounces off the Support trend (Green) , Price is expected to hit the wedge resistance line (White) where there will be more supply for the selloff - Shorting could be a good idea - Wait for a confirmation candle before making a move

Comment:
Alternatively, - Price may challenge the upper red large supply zone and use the wedge as support for the breakout
Comment:
Comment:
Hanging man candlestick pattern may indicate Bulls are getting tired

Trade active:
T1

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