AUDUSD CONTINUATION TREND CHANNEL TRADE

Pair: AUDUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance,trend channel, consolidation period
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Key Takeaway: Price has been ranging in consolidation for some time in this downward trend channel and it about time we see some bearish movement. We are waiting for a bounce off high volume level, top of trend channel and resistance before we enter short as there is still a bit of bullish steam that we need to wait to finish
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Level needed: need a close by 0.64780
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Trade: short
RISK:REWARD 1:6
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