AUD/USD: Shorting at fresh supply zone
Updated
Hey guys,
A potential nice short for this pair.
I will short @ around 0.71540 and will target the previous demand zone @ 0.71210 levels.
Of course the trade is cancelled in case prices don't reach the sell zone.
Stops and targets shown in my chart. The R/R ratio is slightly above 2 for this trade.
Trade at your own risk
A potential nice short for this pair.
I will short @ around 0.71540 and will target the previous demand zone @ 0.71210 levels.
Of course the trade is cancelled in case prices don't reach the sell zone.
Stops and targets shown in my chart. The R/R ratio is slightly above 2 for this trade.
Trade at your own risk
Comment
Usually if it's a fresh supply/demand zone, price reacts pretty quickly. Let's see how it goes with this trade.Comment
*** Just entered short ***Comment
As you can see supply and demand are areas not definite prices.
Comment
Although I didn't wait for the pattern to form, this could be a kind of "confirmation" of the short... --> M1
Trade closed: target reached
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