LOOKING TO GO SHORT ON AUD/USD
AUD/USD 15M - I am looking to take this market short after it has shown good signs of bearishness since trading into the Supply Zone I have marked out above, all we need is the confirmation to enter.
This will come via a valid break of structure to the downside, as we know this tells us that we are no longer following bullish laws but now following bearish ones. From that we can expect an initial correction before a move lower.
This is where we will be looking to enter in on the market, I have gone ahead and drawn out a path above on how I feel this market will play out over the course of the coming hours. I feel we will be delivered with the BOS before the small move to the upside.
Price will trade into the FVG, clearing any remaining Supply to the upside before the move lower, once we have price penetrate this area we want to see good rejection in order to look to enter in on this market.
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SET YOUR ALERTS
This will come via a valid break of structure to the downside, as we know this tells us that we are no longer following bullish laws but now following bearish ones. From that we can expect an initial correction before a move lower.
This is where we will be looking to enter in on the market, I have gone ahead and drawn out a path above on how I feel this market will play out over the course of the coming hours. I feel we will be delivered with the BOS before the small move to the upside.
Price will trade into the FVG, clearing any remaining Supply to the upside before the move lower, once we have price penetrate this area we want to see good rejection in order to look to enter in on this market.
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SET YOUR ALERTS