Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance,trend channel, consolidation period ————— Key Takeaway: Price has been ranging in consolidation for some time in this downward trend channel and it about time we see some bearish movement. We are waiting for a bounce off high volume level, top of trend channel and resistance before we enter short as there is still a bit of bullish steam that we need to wait to finish ————— Level needed: need a close by 0.64780 ————— Trade: short RISK:REWARD 1:6 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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