Institutional Supply: AUD/USD Short
Happy Friday,
Look - the next pair on my watch list is definitely AUD/USD, now that the DXY is showing some weakness, this one is flying towards our key area of supply. A beautiful area to look at for a nice push lower for the AUD pairs.
I'll be waiting until the zone is hit, and my alerts trigger. From that point, it is just watching the 4hour chart for me to confirm my higher time-frame bias and look for a nice 1:3 play lower. If it starts falling, of course scale-in opportunities are next for those that understand my type of trading.
Kind regards,
Max Nieveld
Look - the next pair on my watch list is definitely AUD/USD, now that the DXY is showing some weakness, this one is flying towards our key area of supply. A beautiful area to look at for a nice push lower for the AUD pairs.
I'll be waiting until the zone is hit, and my alerts trigger. From that point, it is just watching the 4hour chart for me to confirm my higher time-frame bias and look for a nice 1:3 play lower. If it starts falling, of course scale-in opportunities are next for those that understand my type of trading.
Kind regards,
Max Nieveld