GBP/AUD 4H - After looking at this market again this morning I have seen that price has traded perfectly into a OB that was left over on the previous higher timeframe bearish impulse.
We have seen that price has come to test this area twice creating a double top pattern, I would like to see price now breakdown giving us the next bearish leg. The first penetration clears the zone of orders whereas the second clears the first penetration of anything that may have been left open.
You can see that fractally we have been delivered with a BOS to the downside and we are seeing that price is now at the moment coming back up to test this new area of interest I have marked out.
I would like to see price trade into this new zone before delivering us with this bearish move, as soon as price trade in I will be looking for entry confirmation, once delivered I will enter in on this market.
We have seen that price has come to test this area twice creating a double top pattern, I would like to see price now breakdown giving us the next bearish leg. The first penetration clears the zone of orders whereas the second clears the first penetration of anything that may have been left open.
You can see that fractally we have been delivered with a BOS to the downside and we are seeing that price is now at the moment coming back up to test this new area of interest I have marked out.
I would like to see price trade into this new zone before delivering us with this bearish move, as soon as price trade in I will be looking for entry confirmation, once delivered I will enter in on this market.