AUDUSD is trading in an ascending triangle pattern. Also, it is trading at a strong resistance zone, which can be a triple top pattern, if price reverses from the current level. one can initiate short trade with a stop loss just above the resistance zone. If it breaks out from the resistance zone on the upside, we may see a new trend in AUDUSD.
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Note - Trade With Proper Risk Management System
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.