AUD/USD 1H - Above you will see multiple positions that could be placed on this market come this trading week. What I want to see is for price to continue putting in this fractal correction into a smaller POI of mine giving us the ability to place buy positions before I look to sell longer term.
We will want a penetration of either or both buy zones and for structure to break to the upside, once we have that we can then look to get introduced after we are delivered with a pullback allowing us to refine our entry.
its important that we implement good risk management with our trades especially when trading against the overall trend, yes we are following the current corrective wave but we are trading against the overall direction of this market.
Once price penetrates our higher timeframe POI we will then look to close buy positions and wait for confirmation to execute sells, this will be delivered by BOS to the downside and or candlestick confirmation.
We will want a penetration of either or both buy zones and for structure to break to the upside, once we have that we can then look to get introduced after we are delivered with a pullback allowing us to refine our entry.
its important that we implement good risk management with our trades especially when trading against the overall trend, yes we are following the current corrective wave but we are trading against the overall direction of this market.
Once price penetrates our higher timeframe POI we will then look to close buy positions and wait for confirmation to execute sells, this will be delivered by BOS to the downside and or candlestick confirmation.