Lingrid | AUDUSD Weekly High False Breakout - Sell Setup

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Lingrid | AUDUSD Weekly High False Breakout - Sell SetupAustralian Dollar/US DollarFX:AUDUSDLingridAUDUSD is rejecting the resistance block after forming a clear lower high right beneath the descending red trendline. Price is now slipping back under the minor breakout zone, showing fading bullish momentum inside the shaded range. As long as price stays below 0.6550, sellers remain in control with a clean path toward the 0.6500 liquidity zone. A break and retest of that zone may open further downside into the deeper support area. ⚠️ Risks: A strong reclaim above 0.6550 would invalidate the bearish structure. Sudden USD weakness could trigger a corrective bounce. Failure to hold below the blue trendline may cause a short-term squeeze before continuation lower.If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!