AudUsd - Bear candle brekout & Retest H4
After price rally from "New Low" to 'New high", the last bull candle were engulfed by bear candle.. this 'initial break' tell us that seller is started to enter the market, thus give us an 'early sign' that market will going down. This is confirmed when price 'break' the 'nearest support' which is label as New Low. Take the position at the marking entry zone, or cutloss -30 pips if price shoot up or take the profit at TP1 zone as price make a downward move