AUDUSD reversal

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Bullish trendline liquidity leading to a reversed impulsive move that created a CHoCH and subsequent BOS confirming bearish bias. A second OB was created on top of the previous bearish OB following a rejection that caused another significant imbalance. I have been waiting for price to retest this, as bulls attempt to win back bias. I am expecting this structure to fail at breaking the OB and creating a HH, further bearing down to the next Daily AOI @0.66788.

Feragatname

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