AUDUSD REPEATATION OF STRUCTURE

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AUDUSD REPEATATION OF STRUCTUREAustralian Dollar / U.S. DollarFOREXCOM:AUDUSDThEDeViL18“On AUDUSD, the market has been respecting a broader bearish structure, highlighted by the descending trendline and previous lower highs. Following a sharp impulsive decline, price aggressively sold into a key support area before finding buyers and initiating a recovery. The current move appears to be a corrective pullback rather than a confirmed trend reversal. Price is now approaching a significant resistance zone where multiple technical factors are aligning. This area contains previous support-turned-resistance, a descending trendline, and a liquidity pool resting above recent highs. As price reaches this zone, a liquidity sweep is possible, where the market briefly trades above resistance to trigger buy-side liquidity before reversing lower. The highlighted area marks the location where I want to see bearish confirmation. I'm not interested in selling blindly into resistance. Instead, I'm waiting for a bearish price action signal such as a bearish engulfing candle, rejection wick, evening star pattern, or a lower-timeframe market structure shift. Confirmation would indicate that sellers are defending this level and that the retracement may be complete. If bearish confirmation develops after the liquidity sweep, the expectation is for price to rotate lower toward the recent swing lows and potentially continue in line with the prevailing bearish trend. Risk would be managed above the sweep high, while targets would focus on the recent lows and key demand areas below.”