Looking at Pound Aussie, from the higher time frame (Daily TF), an expanding formation seemed to be forming, and drilling down to the lower time frames till you get to the hourly time frame, an ascending channel approaching an area of value within the price range of 1.8700 to 1.8730 seems to be a good area to go short if price permits it; and exiting at 1.8300 possibly.
I'd be looking to see a reversal candlestick pattern within the ascending channel at that price region before capitalizing on the trade, else I'm fine to stay out.
I'd be looking to see a reversal candlestick pattern within the ascending channel at that price region before capitalizing on the trade, else I'm fine to stay out.