POTENTIAL SHORT POSITIONS IN BOUNDXAU/USD 15M - As you can see price has traded into a higher timeframe Supply Zone and price has traded lower, telling us that enough supply has been introduced to see price trade lower.
From there we have seen price pullback trading into a more fractal area of Supply again giving us signs of bearishness and strength in Supply. We are now witnessing price trade into yet another more fractal Supply Zone.
In order for us to look to get involved in this market in short positions we want to see price trade into the more fractal area, reject nicely to the downside and provide us with a fractal BOS, this tells us that the trend is reversing from bullish to bearish.
From here we can then prepare to take part in the market, with it being so fractal and with us being on the lower timeframes we could look to get involved straight after the bos as the SL would still be refined and our TP is with good distance giving us a great RR return.