very simple: we had a very long rally on AUDUSD , is deeply overbought. Price is testing previous daily structure that seems to hold. If the current candle will close below the previous opening, this is a sell.
Unfortunately i'm already involved in two AUD trades, so i can't take this one.
Hope someone can exploit this situation. No brainer trade, mostly for the possible huge risk to reward ratio (if you split your position).
Make your choice!
If you have any doubt, please comment below.
Otherwise, see you in the next chart!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis: