Description :
Looking at the H4 chart, my overall bias for AUDUSD is bearish as there is a descending trend line, Looking for a sell entry at 0.70157 where below the overlap support. We are looking to take profit at 0.68575, which is the recent swing low, Stop loss will be placed at 0.71549, where the recent swing high.
Trading Recommendation
Entry: 0.70157
Reason for Entry: recent swing high + descending trend line + recent swing high
Take Profit: 0.68575,
Reason for Take Profit:
Recent swing low
Stop Loss: 0.71549,
Reason for Stop Loss:
Previous swing high
