AUD/USD 4H Chart Analysis – Eyeing Bearish Potential

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We’re analyzing the AUD/USD 4H chart where a fresh SELL signal has been triggered, signaling a potential downward move.

Key Observations:

- SELL Signal: A SELL signal was triggered at 0.68061, indicating a possible shift from the recent upward trend.

- TP Zone: The identified Take Profit (TP) zone ranges from 0.67777 to 0.67563, offering a potential gain of approximately 28 to 50 pips from the entry point.

- Market Structure: The price is currently below key resistance levels, and the market structure suggests further downside potential. Recent price action shows weakening bullish momentum, which supports the bearish outlook.

Trading Plan:

- Bearish Scenario: If the price continues to move down as expected, targeting the TP zone between 0.67777 and 0.67563 could offer a solid opportunity. Watch for confirmations as the price approaches these levels.

- Risk Management: Stay flexible with your risk management, adjusting positions as new signals appear. Monitor price action closely to adapt to market changes.

Important Note: This analysis serves as a trade idea. Be sure to integrate it into your overall strategy and perform your own analysis to ensure it aligns with your risk tolerance.

Trade smart!

Penafian

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