AUDUSD is still Bullish

AUDUSD is still pretty much bullish even with all this consolidation. As long as price can stay above the support level we can see price continuing bullish. Also the H4 made a nice false breakout forming a potential inverted head and shoulders. The only way this setup won't be valid is if we get a daily Higher timeframe candle close below that level.

Currently
83% of traders are in short positions
17% of traders are in long positions

SIDE NOTE- DON'T BE THE MAJORITY