LOOKING TO TAKE THIS MARKET SHORT
EUR/AUD 1W - As you can see we are on the higher timeframe structure here looking at this market so my thoughts with this are for a longer term bias. I want to see price trade up and into one of two areas above before moving lower.
If however price loses enough Demand in the market and enough Supply is introduced without price trading into one of two areas above we should wait for a relevant break before we look to take part in this market with shorts.
I have gone ahead and marked out the last protected low within the fractal bullishness that has been trading us higher as of recent, a break in this would confirm further bearishness. I have marked out the higher TF Supply zone price has liquidated.
You will notice I have also marked out areas of Demand as well which price has reacted perfectly from, this has been marked out just to show that price has recently corrected and reversed in trend due to the introduction of Demand.
If however price loses enough Demand in the market and enough Supply is introduced without price trading into one of two areas above we should wait for a relevant break before we look to take part in this market with shorts.
I have gone ahead and marked out the last protected low within the fractal bullishness that has been trading us higher as of recent, a break in this would confirm further bearishness. I have marked out the higher TF Supply zone price has liquidated.
You will notice I have also marked out areas of Demand as well which price has reacted perfectly from, this has been marked out just to show that price has recently corrected and reversed in trend due to the introduction of Demand.
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