Reasons for my assumptions:
1.) Rejection by the closing of price below the daily correction
2.) Weekly is still in tact
3.) (high period) is nearing oversold territory
4.) DXY is looking positive for a big move north and therefore will naturally draw the AUD down
5.) The weekly trend is
6.) Finally, the pattern usually gives a nice BIG trade when obeyed.
I'm already short on this pair and will place Sell stop orders below the superficial low marked to catch this next trade.
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