PREP FOR THE NEXT SHORT ON AUD/USD
AUD/USD 1H - This is just a carry on from the analysis I have just posted just to give those zones an areas I see price trading up and into, giving us a place to re-enter.
I would love to see price trade us back, tapping us into one of two zones, delivering us with enough Supply to instigate the next impulse to the downside.
We will get confirmation of the next bear run by waiting for a BOS to the downside, once we have that we can then look to get involved on the correction that follows.
Once price comes to correct itself. This is when we will place our position in the market, having our SL above the zone we get involved from and the TP and the higher timeframe swing low.
Given price is within a corrective wave we could look to buy into this market initially before our next shorts, just be cautious with your longs.
I would love to see price trade us back, tapping us into one of two zones, delivering us with enough Supply to instigate the next impulse to the downside.
We will get confirmation of the next bear run by waiting for a BOS to the downside, once we have that we can then look to get involved on the correction that follows.
Once price comes to correct itself. This is when we will place our position in the market, having our SL above the zone we get involved from and the TP and the higher timeframe swing low.
Given price is within a corrective wave we could look to buy into this market initially before our next shorts, just be cautious with your longs.