Revise chart after further re-study on it... concept still remain the same as per before, biased towards the down side... waiting to price to bounce back to the yellow median line thn price go down / or price bounce up to the resistance level (Yellow line) thn price go down... If price manage to break up above median line and close above the Yellow resistance level, guess short trade will not be possible anymore...
Mod Schiff working well on this one, Notice the zoom bar at the ML strong clue the Aussie his headed to at least 83 even lower. You are right, what normally happens now is that you will get a pullback to the ML however ( if it let's you ) , If it's starts pulling up into the ML, I normally jump into a smaller time frame to draw an upward fork to see if I can pickup a price failure trade for a short entry, This lowers the Risk and improves your Reward ie. potential 83! This is just my spin on it but yes your chart and interpretation of price to the AP is spot on. Well done
Keep up the good work.