EURAUD H4Price is following a downtrend making a series of lower lows & highs. Price has made a deep pullback to retest the previous lower high of the downtrend, which aligns with structure. This region was rejected, showing the trend is still valid below this region & a lower low into key level support can be anticipated next for a new potential lower low.
At the key level, you can then watch price action for a bullish reversal back to the upside.
