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.
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...
