saracingeo

EURAUD - looking for sells

OANDA:EURAUD   Euro / Australian Dollar
W and D - uptrend /counter main trend trade.
After a D BOS we expect a D pullback- currently in a pullback .

We have a H4 COC (change of character), I expect the price to reach the D OB or H4 OB before putting a new low . (we also have tons of liquidity in our left)

Educational: bearish order block (OB)- is the last up candle that forms the highest high before the down move (on the TF we take the trade).

Currently H1 demand is in control (green area)- I expect the price to reach the red zone, where I will look for a sell position depending the printed structure of the price.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.