FX:AUDUSD Australian Dollar/U.S. Dollar
For the majority of time, Buyers have been in control since May resulting in a "Higher High (HH), Lower Low (HL)" sequence. However, have the Sellers had enough and maybe looking to gain control? This can only be confirmed once the "Buyer 1 Zone" is breached. For now I'm looking for a short opportunity.
Comment: The structure I was looking at has changed, so the sell trade will be valid after a break and a smaller correction to confirm the move down. I will update once the trade triggers.
Comment: An early sell entry with the expectation that price violates the "Red Pattern Line":