Trading forex at the moment and looking for profitable trades and I came across AUDUSD. Market structure shows bearish, as you can see if you look at the 50MA. So I am looking for a short opportunity. I drew trendlines at the highs to define the trend even more. We also have a support area, that is a previous resistance area. Which makes it valid in this analysis. I am now waiting for a bearish rejection of the 50MA, with confluence of the trendlines. Potentially, this pair could be moving in a bigger range (looking at the weekly timeframe), so the support area is KEY to look at as well. My entry timeframe is the 2H and is there I am waiting for an entry trigger in the form of some kind of bearish rejection of the 50MA. Follow this idea at let us see how it plays out!