AU is currently bearish on higher time frames with smaller time frames still respecting a Lower High. If price can give the pullback to retest the LH then we could expect price to continue with bearish structures where a 1:3rr could come into play. We could even expect price to tap back into the previous low or even hit the level I have marked below. We'll see what happens.
Note
Price push higher to the 4hr LH and range. If it does I'll look for a possible shift of structure IF price respects the LH
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.