POTENTIAL SELL ZONE ON AUD/USD
Hey guys! I know I said I was calling it for Christmas but I’ve been scouting the markets this morning and came across a lovely last buy to sell zone.
As you’ll see above I have highlighted this last buy to sell region which will be holding supply in the market, this could be enough to instigate a supply and demand balance flip and we may see price going bearish after a penetration.
So with that being said, set an alert round this area, wait for price to penetrate, once it has wait for a fractal BOS then look to place sell positions. Have your SL above the zone or the peak created and a take profit AT LEAST 1:2 RR.
The zone I have highlighted above incase you can’t see it properly is between 0.6722-0.744, best of luck to you all! Enjoy the profits of the right confirmation is delivered.
As you’ll see above I have highlighted this last buy to sell region which will be holding supply in the market, this could be enough to instigate a supply and demand balance flip and we may see price going bearish after a penetration.
So with that being said, set an alert round this area, wait for price to penetrate, once it has wait for a fractal BOS then look to place sell positions. Have your SL above the zone or the peak created and a take profit AT LEAST 1:2 RR.
The zone I have highlighted above incase you can’t see it properly is between 0.6722-0.744, best of luck to you all! Enjoy the profits of the right confirmation is delivered.
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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.
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.