AUDUSD Probable Short

2019-12-18 05:37:17

Currently in Smaller wedge within a channel/wedge pattern, E tap, wick rejection, bearish price action, also tapped back underneath the thick red channel line on a higher time frame.

Might see another re-test which coincides with the thinner channel/wedge pattern directional pattern, hence giving more confirmation of the down move.

Please see below for higher time frame.