AUD/USD LOOKING FOR SHORTS
AUD/USD 4H - My thought process for this pair has not changed, I still want to see price trade up and into a level of Supply so we can look to take part in this market in some short opportunities.
We have seen that price came to trade into a hidden OB recently that was missed, price has since gone on to create a new lower low. I suspect that price will come to correct itself up and into one of the Supply Zones I have marked out.
When it comes to trading against the bearish trend, I would sway away from that, I feel its important we stick to the prevailing trend and trade with it, just sitting on our hands and waiting for the right area to enter in from.
As soon as I have relevant confirmation parameters in order to place a position I will let you all know, I want to see a penetration and BOS fractally before I look to place anything.
We have seen that price came to trade into a hidden OB recently that was missed, price has since gone on to create a new lower low. I suspect that price will come to correct itself up and into one of the Supply Zones I have marked out.
When it comes to trading against the bearish trend, I would sway away from that, I feel its important we stick to the prevailing trend and trade with it, just sitting on our hands and waiting for the right area to enter in from.
As soon as I have relevant confirmation parameters in order to place a position I will let you all know, I want to see a penetration and BOS fractally before I look to place anything.