#AUDUSD 4H

AUDUSD (4H Timeframe) Analysis

Market Structure:
The price is forming an expanding pattern, indicating increased volatility and uncertainty in market direction. Additionally, a sell engulfing candlestick has appeared, suggesting strong bearish momentum and potential downside movement.

Forecast:
A sell opportunity is anticipated as the expanding pattern, combined with the sell engulfing area, signals increased selling pressure.

Key Levels to Watch:
- Entry Zone: A sell position can be considered near the recent resistance area where the sell engulfing pattern has formed.
- Risk Management:
- Stop Loss: Placed above the recent swing high to manage risk.
- Take Profit: Target lower support levels for potential downside movement.

Market Sentiment:
The formation of an expanding pattern with a sell engulfing candlestick suggests that bearish pressure is increasing. Monitoring price action and confirmation signals before entry will help align with the prevailing trend.