AUDUSD BEARISH SENTIMENT
My bearish sentiment on AUDUSD are backed by the following confluences-
1) Market structure(BOS), 2) OB-supply, 3) Imbalance, 4) Liquidity. So my markups are done on the 4hr timeframe which is my major higher timeframe(HTF) used.
So price has successfully broken structure lower showing a continuation in the bearish trend, and now price has started retracing back up but first filling up the imbalances, now i am waiting for price to reach my main point of interest which is the orderblock supply above to mitigate it. If price successfully reaches my orderblock supply zone and tends to respect that supply zone, two things will likely happen there which are either price drops off without given me an entry structure on the lower timeframe(LTF) or it gives me an entry structure on the lower timeframe. But i will only execute the trade if I see my lower timeframe entry structure/model which is a-(HH,HL,HH,LL). Then if this structure emerges successfully i will then look for my lower timeframe supply level and imbalance to execute from targeting a 1:3 minimum target,second target is the imbalance at 0.63600 and final target is the liquidity below which is at 0.62900.
Note: the financial market is all about probabilities, which also makes my analysis is also a probability.
1) Market structure(BOS), 2) OB-supply, 3) Imbalance, 4) Liquidity. So my markups are done on the 4hr timeframe which is my major higher timeframe(HTF) used.
So price has successfully broken structure lower showing a continuation in the bearish trend, and now price has started retracing back up but first filling up the imbalances, now i am waiting for price to reach my main point of interest which is the orderblock supply above to mitigate it. If price successfully reaches my orderblock supply zone and tends to respect that supply zone, two things will likely happen there which are either price drops off without given me an entry structure on the lower timeframe(LTF) or it gives me an entry structure on the lower timeframe. But i will only execute the trade if I see my lower timeframe entry structure/model which is a-(HH,HL,HH,LL). Then if this structure emerges successfully i will then look for my lower timeframe supply level and imbalance to execute from targeting a 1:3 minimum target,second target is the imbalance at 0.63600 and final target is the liquidity below which is at 0.62900.
Note: the financial market is all about probabilities, which also makes my analysis is also a probability.
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