AUDUSD Comeback!

15 Eki 2018

On the Daily, price created a new lower low, lower close on the decending channel. Price then showed a relief and pulled back into structure and 38.2 FIB level. On the 4 hour Price was showing a reduction in strength as it approached a resistance level followed by what I see to be a 3 bar down candle stick formation which was my signal to enter short.