AUDUSD - 16 December 2021

Current Market Condition:
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, price is now in the pullback stage of the daily bearish leg. 4H trend change into bullish OF is the best evidence of beginning of the daily pullback.
4H: Bullish OF, price barely pullback to the EQ of the 4H bullish leg. However, rice give a second try to go lower but failed, it takes out LQ from the left and instead respect the extreme and continue higher. This showing the bullish momentum atm is stronger, price is unwilling to go down.
1H/15m: Bullish OF, price swept significant LQ from the left and give another BOS to upside. From the recent 15m bearish CHoCH, it's a sign of pullback after impulsive bullish move. Price could continue pullback lower, just keep in mind that short is now CT.

Momentum:
15m: Strong bullish momentum, we can tell from the recent impulsive bullish move.

Liquidity Condition:
There are some LQ formed upside that yet to be taken after the 15m bearish CHoCH happen. Could be use as a refueler for bearish momentum.

Trade Idea: Short to Long
As we are expecting price to give a temporary pullback, price might continue the inner bearish OF until it back to the EQ or the 4H demand below. Price could pullback a little bit higher and take out the upside LQ then continue bearish or went back up to mitigates the extreme. If price shows bearish intention after the liquidation, I will still play a Short even it didn't pullback to the extreme. Then I will keep my eyes on Long opportunity when price pullback to the EQ or to the lower 4H demand.