POTENTIAL SHORTS IN BOUND ON AUD/USD
AUD/USD 1H - As you all know I was wanting to catch this bullish leg that has traded us up and towards the Supply Zone above, however price didnt really give us the pullback we were looking for on the 1H.
It did however give us it on the 30M trading us perfectly into an area of Demand, because I wasn't looking at this pair on that timeframe the long opportunity was missed, nonetheless I am looking to get involved now in shorts.
I just want to see price trade us up and into this area of Supply, give us relevant confirmation that price is ready to reverse and then we can begin looking to take this market short. We must wait for entry confirmation though.
As we know entry confirmation comes from a fractal break of structure as it tells us this bullish structure has come to an end and a new trend in the opposite direction is ready to be printed. Once we have a break in structure I will begin looking for those entries.
It did however give us it on the 30M trading us perfectly into an area of Demand, because I wasn't looking at this pair on that timeframe the long opportunity was missed, nonetheless I am looking to get involved now in shorts.
I just want to see price trade us up and into this area of Supply, give us relevant confirmation that price is ready to reverse and then we can begin looking to take this market short. We must wait for entry confirmation though.
As we know entry confirmation comes from a fractal break of structure as it tells us this bullish structure has come to an end and a new trend in the opposite direction is ready to be printed. Once we have a break in structure I will begin looking for those entries.
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