FX:AUDUSD   Australian Dollar / U.S. Dollar
WHY BEARISH BIAS TRADE
Price had two failed breakout attempts of the 800 sma
A 3rd failed breakout attempt of the 800 sma was a news related event
Macd is below zero and Red signal lines

Short Trades
News related spike bullish candle low is support level to breakout @ .71725
Price should close below 50 sma
1st Sell Entry @ .71725

2nd Sell Entry is bearish breakout of 4h trendline
2nd Entry is made from a 15m chart with a break-hook-go candle pattern
Sell Take Profit is the 100 sma so possible exit area is .7110
Watch Macd for direction
Comment: 100 sma was the TP. Price hit it in the .7125 area
Yes I agree because the monthly, weekly, and daily timeframe are still downtrend, 1D did not break to uptrend structure, 86.2% PRZ reflection on bearish harami, which gives a clear signal to sell. NZDUSD, which is 85% - 97% of collections, is still on the 4H and 1H in downtrend! :)
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@Grognak97, What a great analyze, thank you for your comment.
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