AUDUSD preparing for drop!

29 באוג׳ 2022

AUDUSD (4H) has formed a strong bearish price action on all timeframes. After a daily bearish engulfer on the last day of the trading week, today's price dropped early, now the price is testing this daily support and showing significant rejection on 4H forming a doji candle. It is highly likely that the price will continue to drop from this as the long-term trend is bearish.

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