AUDUSD BEARISH SENTIMENT
My bearish sentiment on AUDUSD are backed by the following
confluences-
1) Market structure (BOS), 2) IMB-supply, 3) Imbalance, 4) Liquidity
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
Note: Bearing in mind that this current week is a major news week,my analysis maybe disorganized.
But here is what I’m looking forward to. So price has successfully broken structure lower showing a continuation in the bearish trend and I will be expecting price to
retrace back up to first fill up the imbalances, and after that I’ll be
waiting for price to reach my main point of interest which is the
supply above to mitigate it. If price successfully
reaches my supply zone and tends to respect that
supply zone, two things will likely happen there which are either
price sells off immediately which I’ll already be in on the trade with my first entry placed at the mid range of the supply or it gives me my basic entry structure on the lower
timeframe of 15min/5mins which is a-higher high,higher low, higher high and then a lower low. Then if this emerges successfully I’ll have my second entry placed on any supply formed on the lower timeframe. Where on both entries I’ll be targeting a minimum of 1:3 each as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis also a probability.
confluences-
1) Market structure (BOS), 2) IMB-supply, 3) Imbalance, 4) Liquidity
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
Note: Bearing in mind that this current week is a major news week,my analysis maybe disorganized.
But here is what I’m looking forward to. So price has successfully broken structure lower showing a continuation in the bearish trend and I will be expecting price to
retrace back up to first fill up the imbalances, and after that I’ll be
waiting for price to reach my main point of interest which is the
supply above to mitigate it. If price successfully
reaches my supply zone and tends to respect that
supply zone, two things will likely happen there which are either
price sells off immediately which I’ll already be in on the trade with my first entry placed at the mid range of the supply or it gives me my basic entry structure on the lower
timeframe of 15min/5mins which is a-higher high,higher low, higher high and then a lower low. Then if this emerges successfully I’ll have my second entry placed on any supply formed on the lower timeframe. Where on both entries I’ll be targeting a minimum of 1:3 each as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis also a probability.
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