Price is currently in a downtrend on the HTF i.e D1 and H4 TF. Currently i was watching the Previous LH that formed the LL to c if price would break but then it failed meaning that we still in a downtrend. We had a strongly bearish candle as i marked on the chart showing that the bears are still in charge of the market so i marked the zone where we had a break of...
AUDCAD short failed to make a HH on 4hr tf so this is the pull back.price is at a key level after a break of structure and hitting the -0.27 fib on the 4hr tf.
Im not a certified finincial adviser..trade is is based on multiple trading strategies including ict concepts ,market sructure,supply and demand concepts including risk management.