FX:AUDUSD   Australian Dollar/U.S. Dollar
55 3 0
H4 Rounded
Measured move lower takes us into previous R to hold as S. Fail sees lower Support for 2-1+ Risk/Reward
200 SMA needs to break
Trade over if break above Rounded Trend Line to see pair aim for R 0.9079
Yeah, you may be right. But please also consider there has been a lot of bullish price action for the last 4 hours, momentum is at its lows (oversold), we're still at the prior-low support and the Ret-0.382 support with just flushes underneath it, price unable to break through the median line to the other side of the fork... Perhaps not the best setups to go long yet, but may be quite hard running a short position from this point on.
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And there are multiple options how things can develop. There's no one true forecast, when the future is uncertain. Here's another option:
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DodgyFX ForceFollower
Agreed in most of my Charts I give Long & Short options
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