6A testing Support/Resistance + Trendline, 4Hr TF Analysis AUSTRALIAN DOLLAR FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME:6A1! TurtleTrader3 Market Structure: - The strong trendline is broken, showing the uptrend is over, but doesn't means trend will reverse. - In 4Hr timeframe, we can see after the trendline is broken, price retest R1 again but failed to move higher/breakout. - It looks like moving in range between R1 and S1 in 4Hr TimeFrame, with Lower Highs (No lower Lows) forming a trendline within the range. - Right now it is testing previous key Support/Resistance and inner trendline inside a range. Strategy: - I will keep this in my watchlist and monitor further - If it break below S1, I will anticipate to go Short. - If it break above inner trendline , I will waiting to Short near R1