AUD/USD 4H - As you can see price is well within a corrective phase within this higher timeframe correction. I would love to see price trade up and into the Supply Zone I have marked out above and give us the confluence to go short.
This pair is currently trading us bearish on the higher timeframes so having the ability to get in shorts to take advantage of this move is key and we can trade price all the way down and into the Demand Zone below.
We will want to see price trade up and into the Supply Zone, for price to reject nicely and for us to be delivered with some sort of BOS. This would suggest the end of the fractal correction and the start of the next impulse within the higher timeframe correction.
As soon as we have been delivered with the BOS to the downside, this is when I will be looking for those openings to go short in this market upon a correction that should follow after the BOS.
This pair is currently trading us bearish on the higher timeframes so having the ability to get in shorts to take advantage of this move is key and we can trade price all the way down and into the Demand Zone below.
We will want to see price trade up and into the Supply Zone, for price to reject nicely and for us to be delivered with some sort of BOS. This would suggest the end of the fractal correction and the start of the next impulse within the higher timeframe correction.
As soon as we have been delivered with the BOS to the downside, this is when I will be looking for those openings to go short in this market upon a correction that should follow after the BOS.