澳元/美元
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AUDUSD Trade Idea

463
AU is currently in an uptrend, but the recently I've discussed about the descending triangle formation on AU, indicating a potential short-term bearish sentiment in the market, which was exactly what the market performed. In today's trading session, I will be favoring short-term selling opportunities. There are two setups that I am looking at

1. A re-test of 0.7660 resistance zone with further bearish continuation towards the 0.7570 support zone. (Bearish)
2. A further rally towards 0.77 minor resistance zone for a triple top possibility, but I doubt price could pullback that far if the bearish momentum persists. (Bearish)

However, do not forget the overall trend on the higher timeframe remains bullish.

Trade safe.

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AUDUSD Trade Idea

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