The AUDUSD instrument has been trading within a descending trend on the D1 timeframe since February. The recent candles have formed a series of lower highs and lower lows, indicating a bearish momentum. The latest candlestick formation suggests a potential reversal, with the price touching the support level around 0.69884. The volume, although not extremely high, has been increasing, which could be a sign of a growing selling pressure. Given the technical context, this signal makes sense, as the direction (SELL) aligns with the bearish trend, and the entry level is positioned near the support zone. The stop-loss and take-profit…

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