AUD/USD 4H - This is the last pair that is on my watchlist this week and another market I want to see price trade us higher from. I am expecting price to take us up in the market after trading us down and into an area of Demand.
As we know by price trading us down and into an area like this we are seeing more demand being introduced, Supply being offloaded, this giving us a reversal in trend. We are seeing price trade us lower nicely at the moment.
I want to see this continue, trading us down and into the 50% mark before taking us back up. If price absorbs this first zone then we have another one lower down that we can look to get involved from, this isn't a bad thing it just means we get in at a better price.
Its important we stay patient and wait for price to play into our hands before we tackle these markets, confirmation is key! Set your ALERTS!
As we know by price trading us down and into an area like this we are seeing more demand being introduced, Supply being offloaded, this giving us a reversal in trend. We are seeing price trade us lower nicely at the moment.
I want to see this continue, trading us down and into the 50% mark before taking us back up. If price absorbs this first zone then we have another one lower down that we can look to get involved from, this isn't a bad thing it just means we get in at a better price.
Its important we stay patient and wait for price to play into our hands before we tackle these markets, confirmation is key! Set your ALERTS!