1. 4 hourly chart shows a wedge formation.
2. Bearish engulfing candle
3. We'd like a sell, but the HSBC Manufacturing data is out soon.
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Note: H4 AUDUSD chart
1. Side Note that price has jumped back into 100DMA and 200DMA.
2. Current chart shows a lower top and rejection from the 1.04120 area.
3. Fundamentally, we're worried of dovish RBA later.
4. We're standing aside on this one, but if we're advocate a sell if you put a gun to our heads.
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