Confluences for this trade

1. Multiple time frames indicating the same long term price movement (bearish)
2. Orange highlighted zone is a key area where price was previously supported and i will be looking for a retest of that region
3. Many touches of the descending channel showing a valid channel as we can see where i have circled in blue where price is constantly creating new lower lows and higher lows.

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AUDUSDaussiedollarChart PatternsDescending ChannelTechnical IndicatorsshortTrend Analysis

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