AUDUSD Analysis 1 Okt 2023
After analyzing the Audusd on the D1 timeframe, I noticed a trend-forming candle from two weeks ago. There was a trendy sideways movement with a distance of 300 pips, but a bearish candle managed to break through the support in the middle of the week. I also observed a candle Pin Bar in the resistance area, which leads me to believe that the Bearish Trend is still dominant. Based on this, I recommend finding a short position now.
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