AUDUSD - Long Trade Idea (ICT)
My macro bias is still bullish for DXY, therefore bearish for AUDUSD and other XXXUSD pairs. However, I am anticipating further retracement to the upside on the sub-daily timeframe.
Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally this move starts to happen after 1am. Then my target would be above the current Buyside Liquidity and into the Sibi 4h above. Confirmation of my trade will be a shift in market structure via a displacement on a lower timeframe and at the specific timing I mentioned.
Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally this move starts to happen after 1am. Then my target would be above the current Buyside Liquidity and into the Sibi 4h above. Confirmation of my trade will be a shift in market structure via a displacement on a lower timeframe and at the specific timing I mentioned.
Comment:
If price decides to go up to the Sibi 4h first, a short during London at 3am-4am may present itself, and at 7am-830am will see where price is for a short continuation or long reversal. If price is at where I wanted to initially long, then I could anticipate a reversal. Time and Price.
Comment:
Also just to note that price could retrace at 2am to my long POI, and reverse at 3am'ish. That would also be valid to me.
Comment:
Analysis came to fruition.
If you look on the 4h chart you can see the bodies respect the upper POI Bisi.
If you look on the 4h chart you can see the bodies respect the upper POI Bisi.
R2F