AUD/USD Trading Analysis (25/10/2023)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. The entry point at the pullback B is forming.
 

Trading idea:

Sell at the formation of the downward wave structure, when the A-wave breaches the sloping channel of the ascending structure.

Stop-Loss: 0.6400.

Target price level: 0.6290.

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