The month of january saw price closing below 1.1375-1.1369, a key w1 support for me.
What happened subsequently was a big 1234 that broke the ED channel and closed below 13TL convincingly.
Price is now retesting this ED channel bottom in the form of a Head and Shoulder.
Should price comes to ~ 1.12 region, i will be watching for a setup to get in with minimzed pip risk.
After all, the big picture is that a huge 13TL has been completed.
AUD cash rate usually will go a different way from my bias.