I am already in a short position from 0.7604 but I can see stops being taken into a H4 breaker (Red box). Price has already tested the equilibrium of the Daily Range (50% Fib) and this short lines up with Aussies seasonal drop around August time.
Red line represents all the stops which are yet to be taken.
Blue line represents broken market structure.
Target 1 = the lows marked out but there is potential for lower.
Red line represents all the stops which are yet to be taken.
Blue line represents broken market structure.
Target 1 = the lows marked out but there is potential for lower.