AUD/USD Potential downside trade option
Daily: Has made LH and LL's, broken Daily structure.
Below both 50 and 100 ema.
4H: Price is continuing to make LH's and LL's, breaking 4H structure to the downside.
1H: Price is Bearish having broken structure, is below the 50 & 100 EMA, currently pulling back,
Assessment: wait for price to pull back to a retracement level, ideally 50% as a minimum, which also corresponds to a supply level.
Below both 50 and 100 ema.
4H: Price is continuing to make LH's and LL's, breaking 4H structure to the downside.
1H: Price is Bearish having broken structure, is below the 50 & 100 EMA, currently pulling back,
Assessment: wait for price to pull back to a retracement level, ideally 50% as a minimum, which also corresponds to a supply level.