In my previous AUDJPY analysis, i was looking for a buy trade from the demand zone, but price did not respect the zone.
price took out the demand zone and broke structure to the downside(bearish). i will be waiting for price to get to the 1D supply zone and give me signs of distribution for a sell trade.
price took out the demand zone and broke structure to the downside(bearish). i will be waiting for price to get to the 1D supply zone and give me signs of distribution for a sell trade.
Note
price is finally at the daily order block, waiting for signs of distribution to take a sell trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.