AUD/USD [Weekly]. Approaching the DOWN Trendline!

Hello,


AUDUSD Key-levels:
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A. 0.76126
B. 0.75543
C. 0.73253
D. 0.71681
E. 0.69122
F. 0.68673

** So AUDUSD Price action is approaching a serious turning pivot point! The lower line of the triangle and the down trendline.

Instant Bearish Scenario: (Red Arrow)
* Time Execution: 1:3 Weeks.
* Pips Calculated: 700 Pips in total.


On Hold Bearish Scenario: (Pink Arrow)
* Time Execution: 4:5 Weeks.
* Pips Calculated: 950 Pips in total. ONLY IF price pierced and closed below the R2 0.77743

Regards,

Trade active

Trade active:

AUD/USD has reached a critical level since the down trend was broken. Available scenarios are not many and can be expected from now on.
1st Scenario: AUD/USD will likely try to test the previous highs on 0.77400 as ALMOST ALL previous weekly candles who reached this level have wicks smashing the 0.77400 and retracing back in the same week.

2nd Scenario: Price might retrace from current levels to touch the trendline, and if bounced! then it will go bullish up to 0.77400

3rd Scenario: IF a 4H candle has closed above 0.77660, i would recommend to buy without even thinking. IF a 4H candle closed below 0.75000 i would recommend to sell to 0.73300

Trade active