Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can bee seen in the screenshoot. Some bearish candles would be a good confirmation (like-hammer-bearish candle).
To enter I'll look for Fibonacci and structure confluence.
More aggressive traders could short around 0.9365.
To enter I'll look for Fibonacci and structure confluence.
More aggressive traders could short around 0.9365.
