SELL INTO THE CORRECTION BUY INTO THE NEXT IMPULSE
AUD/USD 4H - Above you will see that I am looking to capitalise on both the correction and the impulse that would follow, in order for us to do that we need to have the confirmation that the correction is in bound.
We would get this confirmation via a BOS to the downside, I have gone ahead and highlighted this out for you. A break in the low highlighted would confirm the that the correction is underway as that low marks a protected low within this current bullish trend.
We can then look to sell into the market riding price down into our Demand zone where we would then close said positions and prepare to buy into the market when price is ready to put in its next impulse.
We would get this confirmation via a BOS to the downside, I have gone ahead and highlighted this out for you. A break in the low highlighted would confirm the that the correction is underway as that low marks a protected low within this current bullish trend.
We can then look to sell into the market riding price down into our Demand zone where we would then close said positions and prepare to buy into the market when price is ready to put in its next impulse.