Potential rising wedge pattern forms in AUD/USD

As AUD/USD is approaching the resistance zone at 0.7190, it is also forming a rising wedge pattern in the H1 timeframe, suggested the up momentum is fading. Refer to my video below (timestamp starts: 4:30) for two specific techniques with filters to increase the winning rate when trading the rising wedge.

Below are the key parameters for AUD/USD potential short setup for trading session on 9Oct 2020, only valid when there is a break down from the wedge followed by a weak rally up.

Entry: short stop order at 0.7165

Stop loss: 0.7183

Take profit: 0.7148, 0.7125

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