- Progressively higher lows being matched with lower highs, anticipating breakdown and retest before push towards first key level - Last saw these kind of highs back in 2017, displaying signs of AUD overbought, taking profits among bulls may help drive price to downside - TP1 based on areas of key reaction (support or resistance) in previous price action, potential 3R - TP2 baed on swing low levels, hoping to hold all the way for potential 8R
@AlkalineFX, Won't be looking to take an entry just yet, would like to see structure hold below the support trend line for a 4 hour closure before looking for shorts👍