AUD/USD - Bearish Prediction

Greetings!

NOTE: This my ever first post on TradingView, I'm quite a beginner on this so hope I can still bring some value to the table!

This a Bearish Prediction of the AUD/USD so let me break it down.
Price has been on a BIG rally race these past weeks going Bullish but it stopped at around 0.78200 which
is also a Major Key Level.

From there, price has been reversing a bit in the market creating a Bearish Market Sign, The Double Top.
It started continuously creating Lower Highs showing stronger selling side bringing the Price down.
Because of recent Price Action, a Resistence was created which it previously broke and is going down-hill right now.
It also created a Trendline which as you can see price has respected.


Because of such recent falls from AUD/USD I think price will stop falling and start going up.
From there, I can think of two possibilities that might happen:

1. Because of the Trendline that price has earlier respected, I think it will do this here as well
and not be able to break through that because of heavier Resistence there. Instead I think that
it will fall from there and if it does that, then that's gonna be my entry.

2. Price can also go up from here, and it can break that Trendline continue Bullish.
And if that happens, then we are looking for other opportunities to buy.


Since Biden's Installation, he has brought down U.S Economy. Because he wants to increase
the U.S Stimilus Check from $600 ---> $2000, I think that can bring down the U.S Economy
heavily therefor, bringing the U.S Dollar down in price. This including lowering AUD/USD.


Quick tip:

Price always consolidates after a big up/down-trend, so wait what the price will do once it has reached the Trendline
I was talking about earlier. Wait to see if Price gets rejected there, or if it hits through, have the amount of patience
it takes to make the right decision.

Thanks for reading,
& good luck with your trading!