SELL BEFORE WE BUY AUD/USD
AUD/USD 15M Update - As you can see price broke structure to the downside earlier on today meaning that further bearishness is to come. With that being said before it can continue we need to see price pullback into a Supply zone.
You will notice that I have gone ahead and highlighted three potential zones that I deem as valid for a place to look to sell from. In order to have the right confirmation to enter we need to see price break structure after it penetrates.
Once we have seen price break structure to the downside after an initial penetration all we will need to do then is wait for price to pullback into a valid fractal supply zone that should present itself to us from inside the initial impulse that broke the structure.
You will notice that I have gone ahead and highlighted three potential zones that I deem as valid for a place to look to sell from. In order to have the right confirmation to enter we need to see price break structure after it penetrates.
Once we have seen price break structure to the downside after an initial penetration all we will need to do then is wait for price to pullback into a valid fractal supply zone that should present itself to us from inside the initial impulse that broke the structure.
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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.