AUD /USD BUY POTENTIAL IS THERE TO GRAB!!
Updated
https://www.tradingview.com/x/kh3SAZAm/
DESCRIPTION
DESCRIPTION
- - On a daily swing we can clearly identify the overall momentum is bearish , and same applies in 4hr as well , however we can identify a large bullish engulfing candle formed up ( now complete and breaking the overall fractal structure and showing us there is a potential of IBOS ( INTERNAL BREAK OF STRUCTURE ) . So , whenever we see IBOS it is very likely that there will be swing pull back about to start or in end on in these case as of now it seems to start.
- - Nothing is being pulled yet as I will be patiently monitoring for the price to come down to the area of 4hr supply or least the fractal area ( wick ) to be touched , to see any potential good entries to be made on lower TF either in 15m or 1hr TF.
- - Will be monitoring the trade on London and NY session for 19th November 2024.
Potential Trade type
- pull Back
Trading Methods Strategies'
- Market Structure
- Liquidity
- Supply and demand
- Experience
- Premium and discount
Trade active
AS anticipated trade did exactly retraced from the fractal wick , on NY session to give us a beautiful trade.
Note
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