GBP/AUD 15M - This is another pair I am looking to take short and I believe a trading opportunity will present itself to us very soon, I just want to see price trade into this area and give us the confirmation to enter.
As you can see price has been respecting these areas in Supply very well, giving us clear rejection from them all. We have had both higher and lower timeframe confluence to suggest a reversal and what we are seeing at the moment looks to be a distribution.
Once price trades into the Supply Zone I have marked out above I want to see price break structure fractally to the downside, once we have this fractal break this will be the confirmation needed that this current correction has finished and we can look to see the next bear run.
As soon as I have the confirmation needed to jump in on this market at the best price I will be sure to let you all know and provide you with my entry parameters, any questions drop me a message or comment below!
As you can see price has been respecting these areas in Supply very well, giving us clear rejection from them all. We have had both higher and lower timeframe confluence to suggest a reversal and what we are seeing at the moment looks to be a distribution.
Once price trades into the Supply Zone I have marked out above I want to see price break structure fractally to the downside, once we have this fractal break this will be the confirmation needed that this current correction has finished and we can look to see the next bear run.
As soon as I have the confirmation needed to jump in on this market at the best price I will be sure to let you all know and provide you with my entry parameters, any questions drop me a message or comment below!