AUDUSD Expecting it to be bearish again soon

Price is reaching the top of the channel and has strong resistance. I have already some shorts and waiting for the proper bearish price action to add more. COT data shows that banks are heavily exposed to the shorts. This week's data release will show a bit of profit-taking which is moving price higher now. But overall long term these 100K shorts will be closed on the lower levels.

Bearish case for Australian Dollar
Chart PatternsHarmonic PatternsTrend Analysis

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