The highlighted red area above price indicates that the market is currently in a bearish structure. The oscillator at the bottom shows both the AUD and the USD index's and as you can see, the USD is increasing upwards and is about to cross the mid line, which shows bearish pressure coming in to play for the AUD/USD pair. I also have a second market structure indicator which is currently indicating BEARISH next to the price level. I also have imbalances on the chart as a potential take profit area to consider. Lastly, I am using Bollinger bands and you can see that price pushed up and touched the top of the band and since that point has failed to push higher, this is another bearish sign.
