POTENTIAL SELLS BEFORE LONGER TERM BUYS
AUD/USD 15M - As we can see here price has continued trading us lower actually breaking structure to the downside. This in theory tells us that the current push higher has finished and the trend has now flipped.
What we want to see now is for price to continue in this bearish way putting in lower highs and lower lows so we can look to get involved in scalp like short positions before we go long after the penetration of the demand zone below.
If you are actively looking to sell into this market look for fractal supply zones for price to tap into before entering in, in this market. This way the entry you get will be refined and you will be able to increase your RR ratios.
Once we see a penetration of this demand zone we want to see structure break to the upside, we will then be able to actively look to buy into this market, the recent highs created can be our TP target.
What we want to see now is for price to continue in this bearish way putting in lower highs and lower lows so we can look to get involved in scalp like short positions before we go long after the penetration of the demand zone below.
If you are actively looking to sell into this market look for fractal supply zones for price to tap into before entering in, in this market. This way the entry you get will be refined and you will be able to increase your RR ratios.
Once we see a penetration of this demand zone we want to see structure break to the upside, we will then be able to actively look to buy into this market, the recent highs created can be our TP target.
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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.
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.