SHORTS BEFORE WE BUY TO SELL LONGER TERM
GBP/USD 30M - As you can see from the illustration above I am wanting to take advantage of this shorter term sell opportunity, we are currently seeing price put in a higher timeframe corrective wave before we see price go on to trade us higher.
Because we understand the higher timeframe goal and direction we understand the structure price must put in before reaching our end goal. I am wanting to see price trail us all the way up and into our higher TF Supply zone.
Before that we can expect to see price put in a correction trading us lower and into a Demand zone that should then see price up and into the Supply zone.
Ill be looking to go short from the POI I have marked above, ride it down to an area of demand where I will then close those positions and look to go long riding price higher and into our Supply zone.
Because we understand the higher timeframe goal and direction we understand the structure price must put in before reaching our end goal. I am wanting to see price trail us all the way up and into our higher TF Supply zone.
Before that we can expect to see price put in a correction trading us lower and into a Demand zone that should then see price up and into the Supply zone.
Ill be looking to go short from the POI I have marked above, ride it down to an area of demand where I will then close those positions and look to go long riding price higher and into our Supply zone.