LOOKING TO GO SHORT ON AUD/USD
AUD/USD 15M - As you can see I am looking to take this market short after we have recently had price penetrate and trade us into an area of Supply, we have had price break structure fractally suggesting the potential for a down move.
In order for us to have the confirmation of this now, we want to see price correct itself, trade us higher initially to set its first lower high before going on to create its new lower low.
Our entry confirmation will come via a penetration of this fractal Supply Zone followed by a fractal break in structure, this will confirm to us that the correction taking us up in this market has finished and the new bear run is ready.
From here all we need to do then is wait patiently for price to set us up nicely, pulling back into some fractal zones so we can look to go short. Its important we sit on our hands and wait patiently for price to take us up in this market to get us a better price when shorting.
In order for us to have the confirmation of this now, we want to see price correct itself, trade us higher initially to set its first lower high before going on to create its new lower low.
Our entry confirmation will come via a penetration of this fractal Supply Zone followed by a fractal break in structure, this will confirm to us that the correction taking us up in this market has finished and the new bear run is ready.
From here all we need to do then is wait patiently for price to set us up nicely, pulling back into some fractal zones so we can look to go short. Its important we sit on our hands and wait patiently for price to take us up in this market to get us a better price when shorting.