LOOKING TO GO LONG FROM AREA OF DEMAND
AUD/USD 15M - How we getting on guys, I have been quiet over the course of the last few days with it being the weekend and having some things to attend to but I am back in full force again with an update on some of my favourite pairs.
With this market we have seen price trade us bullish for some time now as previously predicted. Price has played out perfectly to my previous analysis we just missed the initial entry but the direction of the market has played out to a T.
This market is still considered to be a bullish one and will remain as such until we have relevant breaks of structure to the suggest the potential for a reversal. This as we know will come from a BOS on the last protected low, I have gone ahead and marked out a Demand Zone just above that.
I would like to see price trade down and into the Demand Zone, reject well breaking structure more fractally to the upside to confirm a new bull run, this giving us the chance to get involved in some buy positions.
With this market we have seen price trade us bullish for some time now as previously predicted. Price has played out perfectly to my previous analysis we just missed the initial entry but the direction of the market has played out to a T.
This market is still considered to be a bullish one and will remain as such until we have relevant breaks of structure to the suggest the potential for a reversal. This as we know will come from a BOS on the last protected low, I have gone ahead and marked out a Demand Zone just above that.
I would like to see price trade down and into the Demand Zone, reject well breaking structure more fractally to the upside to confirm a new bull run, this giving us the chance to get involved in some buy positions.
Penafian
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