AUD weakness across the board and this air is primed to move lower. The price is currently rejecting the 50 day moving average after ranging for the entirety of 2021. I expect the pair to try go for the lower range
Here we can see that the previous uptrend is in the process of reversing. Price ran up to a key level and then began to lose momentum and consolidate in a distribution, eventually forming a head and shoulders and breaking out to the downside. This presents a very good opportunity to sell again. Wait for price to pull back to the previous support level turned...
this is my consolidate idea.because higher time frame have no clear bearish or bullish momentum .wait for clear breakout momentum after you can entry. only for my opinion .
so high time frame structure breakout and lower time fram short bullish trend structure breakout hoe ever wait for com entry level andf after trend continue to downtrend you can entry ,because overall downtrend and structure breakout and continue to downtrend momentum moving
