AUD/USD TAKING THIS MARKET LONGAUD/USD 1D - I believe this market is going to trade us higher longer term after price has broken structure to the upside. This has confirmed to us that price is no longer respecting areas of Supply but now Demand.
In order for us to get involved in this market we aught to see price trade down and into a valid area of interest, this will give us the ability to get into this market with a more refined entry at a better price.
I will be waiting now for price to trade us back lower, into either the Demand zone marked out below or the order block that is clearly printed on the 1D created by Fridays trading day.
We want to see price trade down and into one of these areas, as Demand is absorbed and Supply is removed from the market we should see a reversal take place and price should take us higher.
It is very important we wait for price to deliver us with the right confirmation before we look to get involved in this market though as we want to be as probable as possible.