AUDUSD
As you can see we have a descending triangular pattern.
The trendline that acts as resistance has been respected for 3 touches, now we expect the price to touch that trendline (resistance) again to enter short.
In a timeframe of 1h, an ascending triangular pattern has been formed, so if we see the breakage of that pattern in a timeframe of 1h, it could indicate that it is heading towards resistance.
We will wait for confirmation in timeframe of 4h to enter shorts (sell)
As you can see we have a descending triangular pattern.
The trendline that acts as resistance has been respected for 3 touches, now we expect the price to touch that trendline (resistance) again to enter short.
In a timeframe of 1h, an ascending triangular pattern has been formed, so if we see the breakage of that pattern in a timeframe of 1h, it could indicate that it is heading towards resistance.
We will wait for confirmation in timeframe of 4h to enter shorts (sell)