AUDUSD LONG Opportunity (STOP LOSS HUNTING)
We can see here a strong and fresh h1 demand zone.
As you can see on the chart, the demand zone is right below the support zone which immediately let me thought about stop loss hunting. Retail Trader put their stop loss right below the support zone. Institutions grab their money and push the price upwards again. (also called fakeout)
Always wait for price action before entering.
Please leave a like to support my work. 👍
Thanks for reading,
stibo 🥦
As you can see on the chart, the demand zone is right below the support zone which immediately let me thought about stop loss hunting. Retail Trader put their stop loss right below the support zone. Institutions grab their money and push the price upwards again. (also called fakeout)
Always wait for price action before entering.
Please leave a like to support my work. 👍
Thanks for reading,
stibo 🥦
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