AudNzd have been in an uptrend for a while on the 4hours timeframe. As we can see from the market structure,price has failed to make push higher which then make an impulsive moves to the downside breaking structure. This impulsive moves have left an imbalance which is the reason price probably will return to fill those imbalance. Using my Fibonacci tool,I draw...
Following the H4 bearish structure... Price broke previous low, leaving a fresh supply zone above... Will be looking at getting a reaction at the above drawn supply zone with a lower time frame confirmation to short this pair to the recent low.
So price did not get back to mitigate the supply zone above but reacted on the 61.8 fib level.
However the second supply zone for me is valid cos price swept liquidity and then broke structure to the downside leaving a fresh supply which i will be looking forward to short this pair from. Meanwhile we still have to keep the first supply zone in mind. Entry only on...
I spotted 1hr liquidity grab and then price broke structure to the downside leaving behind a fresh supply on the 1hour. if price will react 0n the supply zone,i will be looking for sell entry on the lower time frame.
H4 Timeframe already on a bearish trend.. so waiting for the lowertimeframe structure to align with the higher timeframe and with confirmation,i will be short on GBPCHF
Price broke structure to the down side on the hourly chart. so i am waiting for price to retest that demand zone on 1hr that broke the structure. And with my lowertime frame conforming with the higher time frame,i will be short on AUDCHF.
Price broke structure to the up side leaving an imbalance on the h4 time frame.. also there is an unmitigated demand zone which i will look forward to longing .
