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VeerForex12

A Bearish Downtrend Nearing the Resistance Line

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
VeerForex12  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis AUDUSD Bearish Patterns downtrend priceaction nakedcharts analysis
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trendanalysis chartpattern fundamental audusd bearish downtrend priceaction nakedcharts analysis
Overall, it's a bearish downtrend for the 1H timeframe.
Price can be seen being rejected with beautiful price action in the 5 mins candles, conservative traders can wait for another confirmation with Stop Loss above the new resistance.

Please seek further confirmation in the lower timeframe.

No more than 0.5% risk per trade, control risk management very strictly.
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