Institutional
AUDUSD SELL projectionI have my KL on 0.73265 that has respected the zone for a sell BIAS.
On the top of the KL is resting a big liquidity pool ready to be taken.
What i"m looking for...
Im looking for price tap my blue POI that is a 4h OB , take liquidity + mitigate the OB for a reversal.
As we can see my next TP will be bellow the daily LL that is close to my previous discontinued red line, that is the 50% of the KL range (A strong reversal point)
BTCPlease like my idea if you agree with my analysis, share it if you believe the same, and comment for your thoughts or questions. I appreciate you all.
Observation
1) Market in a downtrend since September 27th, 2021.
2) Previous market low violated.
3) Measurable selling pressure at the break of structure.
4) Current break of structure (previous market low) still being retested.
5) Bearish momentum candles which represent smart money attempts to make the price reach lower, theoretically.
Conclusion
The market is still in a downtrend as we can obviously see the bearish order flow.Now in opinion look for short opportunities. A good rejection at the current zone would represent a sell signal, with two possible next targets as marked on the chart. This is all based on my opinion and my personal analysis.