LOOKING FOR LONGER TERM BUYS
AUD/USD 4H - With us recently having a BOS to the upside recently on the higher timeframes I believe that price is due a correction on the same timeframes to go on to set a new HIGHER Low, hence why I have marked out two areas of interest.
I want to see price now pullback trading into one of two areas of Demand before taking us higher in the market, the reason for this is I believe price will now go on to set some longer term bullish structure.
In order for us to capitalise on this new higher timeframe structure we need to find areas of interest that price will trade down and into before taking us higher in the market. Once price trade us into the areas below we want to see enough Demand introduced to flip the balance.
I will be looking for a BOS to the upside, once we have that we will wait again for a pullback into a more fractal area of Demand to deem a refined entry, this is where we will buy into this market from.
I want to see price now pullback trading into one of two areas of Demand before taking us higher in the market, the reason for this is I believe price will now go on to set some longer term bullish structure.
In order for us to capitalise on this new higher timeframe structure we need to find areas of interest that price will trade down and into before taking us higher in the market. Once price trade us into the areas below we want to see enough Demand introduced to flip the balance.
I will be looking for a BOS to the upside, once we have that we will wait again for a pullback into a more fractal area of Demand to deem a refined entry, this is where we will buy into this market from.
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