Price previously broke out of the rising wedge pattern to the downside after rejecting the weekly resistance region at the top. Price today has made a bearish reaction at the retest zone, along with the supply zone forming a Doji candlestick & bearish engulfing. This is signaling that sellers may be preparing to push price down again. A clear break of the counter trend line on the lower timeframe & we may see price enter the impulsive stage & push price down towards support.
Hello, I agree with your bearish bias on AUDUSD, do you use supply and demand? We also seem to have the same sell area. I too am looking for a sell and intend to take profit at 0.65221, where the 161.8% Fibonacci extension line is. Please consider my suggestion :