on DAILY: AUDUSD is sitting around strong resistance in orange so we will be looking for sell setups on lower timeframes.
on H4: AUDUSD formed a valid channel in blue but this pair is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking below the last swing low!
Trigger: Waiting for a momentum candle close below the gray area (last low) to sell.
and until the sell is activated, this one would be overall and can still dive inside our orange resistance again.
As price approaches the lower green support, we will be looking for buy setups.
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