AUDUSD Supply & Demand setup
Two setups, one short term, one long term aligned with the macro outlook.
On the short term front I'm trading the last significant supply zone with a tight stop. This is more of a risky trade with a tight stop.
Long term we trade the supply which broke the 10y low with some coronavirus news. Expecting this to be steel resistance, nevertheless used a more conservative stop. Aiming at the demand zone below 0.65 in this setup.
On the short term front I'm trading the last significant supply zone with a tight stop. This is more of a risky trade with a tight stop.
Long term we trade the supply which broke the 10y low with some coronavirus news. Expecting this to be steel resistance, nevertheless used a more conservative stop. Aiming at the demand zone below 0.65 in this setup.
Trade closed: target reached
Target hit on both trades
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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.
Related publications
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.