Will AUDUSD Deliver This Nice Short Scenario ...?
Updated
Hello Traders
This is a potential Setup on AU:
On 15m price created a Supply zone with a large gap
but on HTF you can see that AU is on an uptrend and just retracing for the moment
I'll be looking for a short around that SUPPLY zone if price do the following :
Otherwise I won't execute and the setup will be abandoned
I'll be looking for a decent 1.5RR to 2RR Risking 1% for this idea.
This is a potential Setup on AU:
On 15m price created a Supply zone with a large gap
but on HTF you can see that AU is on an uptrend and just retracing for the moment
I'll be looking for a short around that SUPPLY zone if price do the following :
- Slowly approach the supply zone
- Wicks inside the supply zone
- Breaks the previous candle or fractal swing
Otherwise I won't execute and the setup will be abandoned
I'll be looking for a decent 1.5RR to 2RR Risking 1% for this idea.
Note
SInce DXY was so strong today I ended up Taking a Sell on AU as well as on GU was my 1.5R trade on AU
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