AUDUSD is trading at a long term resistance level and also, it is trading in channel pattern, as shown in the chart, we think it might consolidate at the current level. One can initiate the short side trade with a stop loss just above the resistance line of the channel pattern.

Note – Trade with the proper risk management system

Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.