GBP/AUD 1H - I would love to see price now come up to correct itself before taking this market lower. You can see here price has traded into an area of interest left over after breaking structure.
This is what we wanted, we wanted to see price come back up to correct itself trade into a more fractal area of Supply and show signs of rejection we have had exactly that with the help of fundamentals.
I now want to see price come to trade us back up for the second time but this time trading us into the new area of interest I have marked out. Once price trades us into that I would like to see price begin breaking down, I will be looking for a break in structure.
Once we have been delivered with a break in structure I will be looking to find a suitable area to enter in on short positions from. It is important we wait patiently for the right time to execute.
This is what we wanted, we wanted to see price come back up to correct itself trade into a more fractal area of Supply and show signs of rejection we have had exactly that with the help of fundamentals.
I now want to see price come to trade us back up for the second time but this time trading us into the new area of interest I have marked out. Once price trades us into that I would like to see price begin breaking down, I will be looking for a break in structure.
Once we have been delivered with a break in structure I will be looking to find a suitable area to enter in on short positions from. It is important we wait patiently for the right time to execute.