EUR/AUD short

Jun 13, 2021

Looking at price action on the higher timeframes EA is looking bearish . We've traded into an area of supply on the weekly and started to print a distro on the 4H and daily . We've broken structure on the daily confirming the bearish shift in price action and created a new low. We then pulled back into an area of supply on the 4h and I'm now monitoring a distro on the 5min within that area to potentially take price lower. We've also had the structure break on the 5min.