Previous breakout failed because it was below the demand zone, Wait for the bearish engulfing and a retest.
I see a rejection at 1.18300, but its not that strong, Price might fall to 1.17800. Kindly share you suggestions.
Since AUDUSD had been following down Trend, It might be a good time to sell this trade.
taking this short trade, expecting 40-50 pips because of a down tend, possibly a continues short to 150.