The last candle on chart H4 shows that price has inched up. But my indicator indicate that the selling power is still overwhelming with the red sar arrow and rsi remaining in the oversold zone. Should I go short with SL at 0.73460 and TP at 0.72940?
The AUDUSD keeps pulling back to the 0.7300 level, but the bearish trend is still in place.
Yes a reverse is happening now and I think the pair will keep rising to the resistance at 0.74017 before return to the bearish price
The bearish trend still continues, I think, and I am considering opening a short position after it breaks below the previous low at 0.7248.