AUD/USD 4H - This is one of the only markets I have analysed this weekend that I feel will trade us higher with it having the USD as the quote currency, this obviously causes some discrepancies however the analysis I have completed suggests this move.
I want to see price trade us back down now to set a higher low after giving us a break of structure on the 4H timeframes, the break of structure suggests there is more Demand in the market than there is Supply meaning we should see the introduction of bullishness now.
Especially with price trading us down and into the Demand Zone below and clearing that area in price. Once price trades us down and into an area of Demand I have marked out fractally from the last impulse that broke the structure we need to wait for further confirmation.
We want to see price break structure again fractally once it trades into an area of Demand, this giving us the confirmation that price finished its corrective wave and is ready for the next move higher.
I want to see price trade us back down now to set a higher low after giving us a break of structure on the 4H timeframes, the break of structure suggests there is more Demand in the market than there is Supply meaning we should see the introduction of bullishness now.
Especially with price trading us down and into the Demand Zone below and clearing that area in price. Once price trades us down and into an area of Demand I have marked out fractally from the last impulse that broke the structure we need to wait for further confirmation.
We want to see price break structure again fractally once it trades into an area of Demand, this giving us the confirmation that price finished its corrective wave and is ready for the next move higher.