AUDUSD
The overall trend for Aussie Dollar has been bullish. There has yet to be a break in structure to tell us the Aussie Dollar is going to begin to sell.
However with Price making its way to the Red Weekly downtrend, I am expecting for price to begin to show some kind of selling momentum.
As I said above there has yet been a break or change in structure. With that being said I am still looking for price to sell from this area.
I am keeping in mind this is a significant price point and with all of the buying momentum we had, Aussie Dollar could consolidate at this price point for a moment before a selling.
The Bar Pattern is a visual of what I would like to see price do: Make a lower high, break below the black up trendline (a test of this line is another confluence) and begin to trade to the green 4h trendline.