AUDUSD H4 idea using Smart Money Concepts like Inefficiencies, Imbalances, Orderblocks and ICs.
An important fact one has to consider if planning to play the long is the large inefficiency (imbalance) below the current swing low (which can be considered as a liquidity sweep).
Nonetheless, - in my opinion - chances are higher for the market to reach for higher prices in the following week(s).
There are still two large unfilled gaps on the weekly timeframe which can be seen as targets.
The H4 BOS supports my long idea.
Obviously, DXY plays an important role as well if one trades USD correlated pairs. That´s why my entries always need to be confirmed by short term DXY moves.
No investment tip. Trading with real money does involve risk!
An important fact one has to consider if planning to play the long is the large inefficiency (imbalance) below the current swing low (which can be considered as a liquidity sweep).
Nonetheless, - in my opinion - chances are higher for the market to reach for higher prices in the following week(s).
There are still two large unfilled gaps on the weekly timeframe which can be seen as targets.
The H4 BOS supports my long idea.
Obviously, DXY plays an important role as well if one trades USD correlated pairs. That´s why my entries always need to be confirmed by short term DXY moves.
No investment tip. Trading with real money does involve risk!