AUD/USD POTENTIAL SELLS FROM HIGHER TIMEFRAME SUPPLY ZONE
30M - You can see from the screenshot above that price has now tapped and swept a higher timeframe Supply zone, I am wanting to see price now take a leg lower.
Before I look to get introduced into this market with sell positions there are a few things I will need in order to have enough confluence to actually place a position.
There is clearly enough Supply to push the market lower as you can see from the previous swing, but is it enough to completely flip the trend and create a higher TF impulse.
I will be waiting for fractal structure to break to the downside before I even think of being present in sells, once I have been delivered with a BOS I will then wait for a pullback into a valid fractal supply zone, this is where we will get our entry from.
Before I look to get introduced into this market with sell positions there are a few things I will need in order to have enough confluence to actually place a position.
There is clearly enough Supply to push the market lower as you can see from the previous swing, but is it enough to completely flip the trend and create a higher TF impulse.
I will be waiting for fractal structure to break to the downside before I even think of being present in sells, once I have been delivered with a BOS I will then wait for a pullback into a valid fractal supply zone, this is where we will get our entry from.