The AUDUSD has recovered from losses early this week, the correctional move pushed right into the Asia session today. The aggressive attempt to move higher past the mean value was quickly rejected by the bears.
Rejection of Asian session breakouts is something we use to our advantage in the War Room. Most traders are trapped in bad positions now, we can use that to our advantage and consider taking the other side of the false breakout. The rejection of higher prices in the Asia session is generally a good indicator that we will see lower prices during the upcoming London/NY Session so keep your eyes pealed.