we are going to look at three trend market today. i start with aud/usd on daily time frame, l ook at the red horizontal line. when price break down, it known as break down market. if the price do not break down and it will create inside bar, it can be call failure test market. forex market has three type of direction. note: 1 swing trade
2 failure test market
3 breakout or down
these three made up market cycle and trend market. i have a book called trend follow. watch the chart below, ask your question.

the aud/usd and nzd/usd is a break down market but the aud/usd likely or may be form failure test in some weeks to come. when aud/nzd is swing market. watch this month