AUDUSD: Bear-Flag-Formation, Targets to Consider!AUD/USDOANDA:AUDUSDVincePrinceHello There, welcome to my new analysis about AUDUSD on the 2-hour timeframe perspective. The forex pair recently emerged with massive bearish alignments towards the downside. Now, I have spotted a major underlying bearish formation, which is likely to trigger further selling pressure in the upcoming times. Especially when the formation completes, this is going to offer a solid trading opportunity. As when looking at my chart, we can watch there how AUDUSD is forming this huge bear flag. Within the flag, AUDUSD has this massive resistance cluster from where a pullback is primed to settle. A pullback from this area and a breakout below the lower boundary are going to complete the bear flag and form the bearish confirmation. Once the final breakout has emerged, AUDUSD is going to activate the lower target zones as marked in my chart. At the moment there is not a lot of possibility for an invalidation of this formation and continuation in the other direction. Especially as the flag formation already completed the wave count, the whole formation and targets are primed to be completed. In this manner, thank you a lot for watching! The support is highly appreciated. VP