audusd possible sell set up
price currently at major structure level , waiting for more confirmation (such as candlestick pattern , imbalance waiting to be filled and lastly break of previous structure.) once price break the previous high , short set up won't be available will be looking for buy set up instead .
confluences : 1) bearish engulfing pattern as orderblock
2) break of previous structure
3) imbalance form and waiting to be filled
dxy overall market structure must be at the major level ( retracement or reverse ) minimum timeframe will be H1
confluences : 1) bearish engulfing pattern as orderblock
2) break of previous structure
3) imbalance form and waiting to be filled
dxy overall market structure must be at the major level ( retracement or reverse ) minimum timeframe will be H1
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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.