GBP/AUD 1H - How we getting on this morning guys, I hope you are all okay. As you can see price has played out perfectly to our Sunday Sessions analysis and the analysis I provided you all with at the end of the last week.
This giving you guys the opportunity to take full advantage of a bullish position during this bullish correction taking us higher in the market. We are now looking for confirmation that this correction has finished so we can look to take part in the larger bearish move trading us lower.
I will now be monitoring this market on the lower timeframes to distinguish a fractal break of structure, once we have one of those followed by a fractal correction to set a Lower High, this is when we can look to take part in the market.
I am expecting a higher timeframe correction to the downside from this, meaning we can take full advantage of a large swing to the downside, keeping our SL tight giving us the ability to have a large RR ratio.
This giving you guys the opportunity to take full advantage of a bullish position during this bullish correction taking us higher in the market. We are now looking for confirmation that this correction has finished so we can look to take part in the larger bearish move trading us lower.
I will now be monitoring this market on the lower timeframes to distinguish a fractal break of structure, once we have one of those followed by a fractal correction to set a Lower High, this is when we can look to take part in the market.
I am expecting a higher timeframe correction to the downside from this, meaning we can take full advantage of a large swing to the downside, keeping our SL tight giving us the ability to have a large RR ratio.
