AU short from 0.71350
Confluences:
- Bearish market structure as it is creating LLs and LHs, only looking to short the market.
- No rejection at previous LL, therefore extended further. Still looking for short trade opportunities as the LH was not broken, therefore, still a bearish market structure
- Rejection seen at the 78.6% fib as reversal candlesticks are present
Confluences:
- Bearish market structure as it is creating LLs and LHs, only looking to short the market.
- No rejection at previous LL, therefore extended further. Still looking for short trade opportunities as the LH was not broken, therefore, still a bearish market structure
- Rejection seen at the 78.6% fib as reversal candlesticks are present