AUDUSD - 1 Hour Bearish Trend
On the hourly timeframe, the market is displaying a bearish trend with no divergence observed, indicating a likely continuation of this trend. A bearish flag pattern has formed, supporting the continuation of the downward movement.
To confirm the bearish continuation, it is prudent to wait for a break below the pole of the bearish flag. This breakout will validate the continuation of the bearish trend, providing a signal to enter a short position.
To confirm the bearish continuation, it is prudent to wait for a break below the pole of the bearish flag. This breakout will validate the continuation of the bearish trend, providing a signal to enter a short position.
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