FX:AUDCHF   Australian Dollar / Swiss Franc
1122 16
Fresh demand zone ahead, a long opportunity.

Stuff to remember:

— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further

— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly

— Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future

— The strong initial move can contain a few small retracements but not so many that make this move slow and weak

— Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run

— Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms

— Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance

— A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is

— Trading only the first return of price to a valid, properly evaluated level can greatly increase your win ratio. Trading second or other subsequent returns will only dilute your trading edge.
Trade closed: target reached
Thank you! Keep going
Excellent idea! I've opened position today's morning.
tradewonk EvgeniyRebrov
@EvgeniyRebrov, Thank you!
what determines whether something is a fresh supply or demand zone?
tradewonk Dishonx
@Dishonx, If the zone has not been retested before, then its a fresh zone.
I've picked out a POE already at 1.75546 TP at 0.76126
i notice that you play in aussie and kiwi mostly, is that because that pair is most easy to predict?
Glendooie valdeano
@valdeano, Yes, we have such stable economies :-)
rgrg valdeano
@valdeano, why is chf kalled kiwi?
@rgrg, not CHF but his other setup on NZD
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