AUDUSD - Bearish bias prevailed after indecisiveness

PAIR IN FOCUS: AUDUSD
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

On the Daily time frame, we can see that price showed indecisiveness for a few days, before the bears took charge at the end of the week. We could see a follow through of bearish momentum in the coming week towards the TP levels. Look for bearish price action on lower time frames before any SHORT entry. Preferably looking for a retracement up for a better R:R for this SHORT set-up.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

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