EUR/AUD 30M - As we can see from the above screenshot price has penetrated a higher timeframe POI of mine and has since rejected well from it.
In order for me to have the confirmation to enter in on a short position I would need to be provided with a BOS to the downside as this would confirm that the corrective wave that took us into the higher timeframe POI has finished and the next impulse lower is ready.
Once we have been delivered with a BOS to the downside all we need to do then is sit patiently and wait for price to pullback into a fractal POI found within the initial fractal impulse that broke structure and enter upon the penetration and rejection from that.
In order for me to have the confirmation to enter in on a short position I would need to be provided with a BOS to the downside as this would confirm that the corrective wave that took us into the higher timeframe POI has finished and the next impulse lower is ready.
Once we have been delivered with a BOS to the downside all we need to do then is sit patiently and wait for price to pullback into a fractal POI found within the initial fractal impulse that broke structure and enter upon the penetration and rejection from that.