The price reached a supply zone and we can see that it bounced from that zone meaning that the selling pressure might start. I would recommend to search for selling opportunities on the lower timeframes. If you want to to sell now the risk to reward ratio is 4.3.
AUDUSDBearish PatternsForexlong-termMultiple Time Frame AnalysisshortshortsetupSupply and DemandtradeofthedayTrend Lines

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