GBP/AUD 30M - As you guys can see price has played out perfectly to the prior analysis I performed for you all in this chat! I hope you all had the Supply Zone above marked out.
As you can see price traded in and delivered us with a lovely bearish leg taking us lower, breaking structure to the downside fractally multiple times. I am expecting this to be the start of the next bear run.
Unfortunately we missed the initial point of entry at the Supply Zone above because it was 11:15PM UK time and I wasn't looking at the charts at this point however this isn't an issue as we can look to get introduced from the fractal zone I have marked out for us now.
We want to now see price trade us back up and into this area of interest and for price to reject, delivering us with another fractal break to the downside, confirming the end of the initial correction and the start of the next bearish impulse.
Shorts are incoming so just keep your eyes peeled for the right opportunity to enter in on those shorts! I will keep you all posted.
As you can see price traded in and delivered us with a lovely bearish leg taking us lower, breaking structure to the downside fractally multiple times. I am expecting this to be the start of the next bear run.
Unfortunately we missed the initial point of entry at the Supply Zone above because it was 11:15PM UK time and I wasn't looking at the charts at this point however this isn't an issue as we can look to get introduced from the fractal zone I have marked out for us now.
We want to now see price trade us back up and into this area of interest and for price to reject, delivering us with another fractal break to the downside, confirming the end of the initial correction and the start of the next bearish impulse.
Shorts are incoming so just keep your eyes peeled for the right opportunity to enter in on those shorts! I will keep you all posted.
