The market has been moving down from resistance;
AUDUSD
failed to update its highs on the 1H timeframe. The market pulled back after the breakout of the structure. The price has bearish momentum because it rebounded from the daily resistance. We have four consecutive bearish days, so some pullback has to occur. The price broke the structure and formed a small range. I expect the price to grab liquidity above this range and continue falling. My target is 0.67113 support level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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