Currently bearish on AUDJPY due to higher time frame structure showing signs of weakness. However, I’m exercising patience as I have two key areas of interest (POIs) I’m watching closely:
Primary POI (Point of Interest):
This is a refined supply zone within the premium zone, where I expect price to retrace before giving any bearish confirmation. Ideally, I want to see a clear rejection or distribution pattern here before executing a short position.
Extreme POI (Last Line of Defense):
In case price breaks through the primary POI without a solid rejection, I will wait for price to reach this deeper, more extreme supply zone. This is my most conservative entry area and aligns with higher risk-to-reward expectations.
Trade Plan:
No entry until price pulls back into one of the POIs.
Looking for confirmation (e.g., break of structure, bearish engulfing, supply taking over demand) before executing a sell.
Targeting previous demand levels or liquidity zones below current price.
Stop loss will depend on the POI used, with risk managed accordingly.
Bias: Bearish
Status: Waiting for retracement and confirmation.
Primary POI (Point of Interest):
This is a refined supply zone within the premium zone, where I expect price to retrace before giving any bearish confirmation. Ideally, I want to see a clear rejection or distribution pattern here before executing a short position.
Extreme POI (Last Line of Defense):
In case price breaks through the primary POI without a solid rejection, I will wait for price to reach this deeper, more extreme supply zone. This is my most conservative entry area and aligns with higher risk-to-reward expectations.
Trade Plan:
No entry until price pulls back into one of the POIs.
Looking for confirmation (e.g., break of structure, bearish engulfing, supply taking over demand) before executing a sell.
Targeting previous demand levels or liquidity zones below current price.
Stop loss will depend on the POI used, with risk managed accordingly.
Bias: Bearish
Status: Waiting for retracement and confirmation.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.