AUDUSD - 17 September 2021 [Re-upload]
***This is a re-uploaded version of markups, I have completed a details version but uploads failed, an error of TV, now briefly go through again***
Current Market Condition:
Market Structure (MS) & Order Flow (OF):
4H (inner structure): Bearish OF, price is in discount of the major 4H bullish leg but hasn't reach our 4H major demand yet, still got room to go lower.
15m: Bearish OF, price is now moving up back to our 15m major supply, expect price to give a strong reaction when it reach to that zone.
Momentum: Bearish
15m: Bearish, although we can see price is currently moving up but it's corrective when compare to the momentum of the 15m bearish impulse leg.
Trade Idea: SHORT
We may play SHORT from our 15m major supply when prices tap into the zone and shows some bearish intention such as 1m/5m CHoCH. Just be aware to the refined demand below, we could get some bullish momentum kicking in from there, it could be a good area to partial out.
Don't forget to pay yourself
Current Market Condition:
Market Structure (MS) & Order Flow (OF):
4H (inner structure): Bearish OF, price is in discount of the major 4H bullish leg but hasn't reach our 4H major demand yet, still got room to go lower.
15m: Bearish OF, price is now moving up back to our 15m major supply, expect price to give a strong reaction when it reach to that zone.
Momentum: Bearish
15m: Bearish, although we can see price is currently moving up but it's corrective when compare to the momentum of the 15m bearish impulse leg.
Trade Idea: SHORT
We may play SHORT from our 15m major supply when prices tap into the zone and shows some bearish intention such as 1m/5m CHoCH. Just be aware to the refined demand below, we could get some bullish momentum kicking in from there, it could be a good area to partial out.
Don't forget to pay yourself