AUDUSD - 14 December 2021

96
Current Market Condition:
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, price is now in the pullback of daily bearish leg.
4H: Bullish OF, we are now in the pullback of this 4H bullish leg.
15m: 15m switched from bullish into bearish OF. Price is now entered the pullback stage of 4H bullish leg, expect price to at least pullback to the EQ of the 4H leg. Before continuing down, we might get a little 15m pullback to the most recent bearish leg, price could either swept the LQ that formed after 15m BOS, or pullback to the extreme. If price pullback to the extreme, be aware because at that point PA will be quite bullish.

Momentum:
1H/15m: Bearish, we just get a 15m BOS.

Liquidity Condition:
The 15m structural high that formed after the most recent 15m BOS will most likely become LQ.

Trade Idea: Short
Wait for price to pullback to the EQ and shows me confirmation for bearish intention in LTF.

כתב ויתור

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