I think AUDUSD has the potential to continue to sell, here is what I am looking at:
- Candles entering and rejecting the supply zone - Momentum is low but not yet below 0 - STOCH facing down, no longer overbought and the orange line is above the blue line.
Pending orders are recommended. SL will be above a previous high and TP below previous lows. Check the news and be mindful of NFP Week.
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