I would like to introduce this strategy (I don''t know what to call it) Hope this help for all traders...
Those areas are likely to become reveral or pullback when price reach to those areas. e.g For Day Trade price usually pullback to the D1 Hi but not break over. When Price touch the D1 Hi / yesterday Hi it will continue with the down trend in bearish market. e.g for weekly price usually bounce between the 5 day hi and low period. e.g Remember when price break over the supporting level. Those supporing level will become new resistence level.
We should also combine with others indicatos to increase our chance to win the trade e.g Stoch overbought and oversold in H1 H4 or D1 chart RSI overbought and oversold in H1 H4 or D1 chart 20/50/100/200 EMA Support and Resistence
Why buying dollar in a bearish trend for the past 9 months. Central banking policy hasn't changed yet and trend has not changed. Therefore it doesn't makes sense to short AUDUSD at this given time.