RiskfreeFx

RiskfreeFx

All we need to do is be patient to see how price action unfolds. We will stay reactive and not predictive

RiskfreeFx

The bearish state of this pair is still strong. However, we will look to ride the corrective buy to the nearest supply area. No confirmation, no entry.

RiskfreeFx

After running a top-down analysis, its safe to say price has hit a daily supply area and is subsequently making lower highs and lows. To approach this setup, staying reactive and not predictive is the best. That being said, we will monitor these two areas of interest for further downside movement.

RiskfreeFx

Again, just as the saying goes..."THE TREND IS YOUR FRIEND". We'd simply wait for our point of interest to be retested before waiting on any buy confirmation candle.

RiskfreeFx

It is said that the trend is always your friend so in this case I've just entered off an institutional premium area of which an order block with a strong wick rejection has surfaced. take profit should always be at structure level

RiskfreeFx

Its all clear here... we need to be patient and see how price reacts at our supply area

RiskfreeFx

Now we have a major break of structure still following the trend, we can now look to enter sells upon confirmation of my POI (Point of interest) and ride price to the downside

RiskfreeFx

There's been accumulation which led to break of structure... now price has created liquidity just below our supply area. i still want to see price rally up and fill up that liquidity, tap into my point pf interest (POI) then watch price react there before i decide to buy. confirmation is always important.

RiskfreeFx

In my previous analysis on DXY, I mentioned that if xxxusd is bearish, DXY will be bullish Because they are both negatively correlated. 36pips deep and 100+ pips to go @ nearest Support area. If price decides to tank more, I'd be holding the rest of my position to the Nearest demand POI..

RiskfreeFx

Price has hit a major demand area and performed a structure shift.. All XXXUSD pairs might have quite the bearish week as its counterpart DXY Is maintaining a bullish structure. Both pairs are negatively correlated. I'm deep 30pips in profit on AUDUSD however and look to capitalise on this sweet move.

RiskfreeFx

The structure is currently bearish in nature... We just have to follow the trail

RiskfreeFx

However, I'd be approaching this according to how price action unfolds at my point of interest.

RiskfreeFx

We'd observe the POI then observe for change of market behaviour so as to know when to enter shorts at a refined premium price.

RiskfreeFx

We look to continue the bearish trend at next supply..

RiskfreeFx

We will just follow price action as price unfolds.

RiskfreeFx

Price is moving in a downtrend channel but first, i'd look to enter on the pullback to join in the buy which is a corrective move to supply area.

RiskfreeFx

We have a break of structure and retest at supply.. therefore, we will be monitoring price to capitalise on the momentum to the downside

RiskfreeFx

LOOKING FOR SHORTS HERE AT THE PULLBACK TO THE ZONE. ITS POSSIBLE WE MIGHT HAVE MULTIPLE TP POINTS