BUYS BEFORE LONG TERM SELL POSITIONS ON AUD/USD
AUD/USD 4H - As we can see by looking at this market on the higher time-frames, price is still within its corrective phase.
Because we know the overall direction of this market is bearish, our bias realistically should be to sell into this market, that way we are trading with the prevailed trend.
But whilst price is correcting before taking its next leg lower we can look to get involved in some shorter term long positions taking us into our higher TF POI.
Once price penetrates our zone we will be looking to take profit and waiting for the confirmation needed in order to sell longer term.
Because we know the overall direction of this market is bearish, our bias realistically should be to sell into this market, that way we are trading with the prevailed trend.
But whilst price is correcting before taking its next leg lower we can look to get involved in some shorter term long positions taking us into our higher TF POI.
Once price penetrates our zone we will be looking to take profit and waiting for the confirmation needed in order to sell longer term.
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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.