AUS / USD Shorts

7 Oca

This pair is still in a down trend and still looks bearish on how the previous 4h candles closed. in order to look for the sell I would be looking for a break below structure with a bearish 4h close below the yellow and blue line. Which would be the ideal scenario there is very strong daily support so a pull back and a rejection with a bullish engulfing 1h / 4h would validate an entry to potentially go long. Before taking a long I will be taking into consideration the strength of the dollar with the DXY.