Dollar Australia / Dollar ASPembelian
Potential Long Setup
On the 4h timeframe and higher, we can see that we have created a Demand zone, however the break of structure isn't clear on the 4h. On the 2h however, the break of structure is clearer.
So what I shall be looking for from here is, I will need to see a mitigation of the 2h demand, and then some commitment on the LTF such as 1-5m that we're going to turn bullish again.
The $ symbol below the un-mitigated supply, indicates and area the can potentially cause price to sweep this liquidity and target the supply zone.
One thing we teach our community, is to be reactive. So what we mean by this, is if we do not respect the Demand zone, and price breaks past, we could then be looking for shorts, and not holding onto our pre conceived bias.
Let us know your thoughts.
So what I shall be looking for from here is, I will need to see a mitigation of the 2h demand, and then some commitment on the LTF such as 1-5m that we're going to turn bullish again.
The $ symbol below the un-mitigated supply, indicates and area the can potentially cause price to sweep this liquidity and target the supply zone.
One thing we teach our community, is to be reactive. So what we mean by this, is if we do not respect the Demand zone, and price breaks past, we could then be looking for shorts, and not holding onto our pre conceived bias.
Let us know your thoughts.
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