AUDUSD H16: XABCD BEARS / SHORT IT +300/+500(SL/TP)(UPDATE)

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AUDUSD H16: XABCD BEARS / SHORT IT +300/+500(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as short as I'm expecting a
SHORT/LONG sequence in this market.

🔸 Summary and potential trade setup
::: AUDUSD 16hour/candle chart review
::: speculative XABCD in progress
::: expecting more downside in this market
::: shorting from D overhead near 7640
::: point D/PRZ near 7640 + 300 pips BEARS
::: later reversal at D/PRZ TP BEARS +300 pips
::: recommend to RESHORT near point D
::: recommended strategy: SHORT D/PRZ 7640
::: TP1 7360 TP2 7180 +500
::: lower risk strategy: short it from resistance
::: SL 50 pips TP1 +300 pips TP2 +500 pips
::: this is lower risk / recommend to SHORT IT D/PRZ
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/7640
::: Sentiment outlook mid-term: BEARS/REVERSAL

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.