The Australian pound is based at the resistance area in yellow color 1.8300 and the downtrend area in green from the daily frame, so we expect a bearish rebound from this area, and we wait for selling opportunities to form…
The price is trading in the ascending channel in orange, and the lower trend of the channel is based on two bottoms so far, so we are waiting for the formation of a new bottom until it becomes based on three bottoms, and then entering the sell deal is by breaking the last bottom down and closing a red candle.
The stop will be above the last high that the price will reach…
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