GBP/AUD 15M - I am looking for further short opportunities in this market, I would love to see price trade up and into the Supply Zone I have marked out above that is actually a hidden OB on the 5M timeframes.
Once we see price trade up and into this I would then be looking for price to break structure to the downside, this giving us the confirmation that the initial correction has come to an end and a new leg taking us lower in the market is ready to take place.
I am anticipating this large move lower as we have multiple pieces of confluence to suggest this move lower, the likes of clear bearishness, previous breaks in structure to the downside as well as price distributing.
These are all clear indicators to suggest price is ready to move lower, we have already taken advantage of shorts in this market and I am wanting this to continue. Entering from this zone will allow a refined entry and a larger TP.
Once we see price trade up and into this I would then be looking for price to break structure to the downside, this giving us the confirmation that the initial correction has come to an end and a new leg taking us lower in the market is ready to take place.
I am anticipating this large move lower as we have multiple pieces of confluence to suggest this move lower, the likes of clear bearishness, previous breaks in structure to the downside as well as price distributing.
These are all clear indicators to suggest price is ready to move lower, we have already taken advantage of shorts in this market and I am wanting this to continue. Entering from this zone will allow a refined entry and a larger TP.
