Here i see AUDUSD with a completion of an ABC pullback on the 4 hour time frame. Price action showing us higher probability of lower prices. Most likely a trend resumption. We will be going down to the previous, most recent low to test. It is a POTENTIAL REVERSAL ZONE. Hold your shorts and trail it so that you can capture a short trend continuation or in the case that we see a reversal, you can catch majority of the move and even catch the reversal on top of that. We can't control what the market does but we can control our PROCESSES like RISK MANAGEMENT and TRADE MANAGEMENT.
Target 1 is approx 300 - 370 pips away. If we continue falling then GREAT!