audusd possible short set up
price currently respected off the H4 major key level , and form a new H1 level . waiting for imbalance to be filled before executing the trade . target will be at the low . if price break through the high of the bearish engulfing pattern on the H1 , sell setup will no longer be valid .
Note : for extra confirmation , price have to be base on the overall dxy market structure
confluence: 1) price currently break the previous low
2) imbalance form and waiting to be filled
3) bearish engulfing pattern waiting to be filled
Note : for extra confirmation , price have to be base on the overall dxy market structure
confluence: 1) price currently break the previous low
2) imbalance form and waiting to be filled
3) bearish engulfing pattern waiting to be filled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.