selfrighteousgambler

selfrighteousgambler

AUDGBP reacted nice off this big picture demand area, gapping into it in the process. This formed an intermediate demand zone within the bigger zone. A return to this price should see a rallying reaction. Profit margin is dependent on supply zones that form on the return to ~0.50300 but a sharp drop should see a 5:1 R/R.

selfrighteousgambler

AUDGBP has found some support (demand) at the psychological level of 0.50000. It seems that the demand zone is in control, driving prices higher and invalidating previous resistance (supply). As prices fall back to intermediate demand zones, long trades can be initiated for intra-day traders while position traders may add to positions or adjust positions. AUDGBP...