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AUDUSD: Preparing for Breakout (Trading Plan)



⚠️AUDUSD is forming a descending triangle formation:

the price sets a sequence of lower highs respecting the same low.


bullish reaction from current support becomes weaker and weaker.


I am waiting for a breakout of its support.

it will be a strong bearish signal and the price will most likely drop lower.


next support - 0.6633

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