TradingView
brettschoenfelder
Feb 9, 2017 2:48 AM

AUDNZD Sell Short

Australian Dollar/New Zealand DollarFXCM

Description

W
Price has been ranging between two weekly zones. Price has returned higher into the price points with higher probability of sell success

D
Price has been ranging quite a bit. Looking for some supply or demand above the ranging price action

240
At the top of the daily zone is an area of nested supply

TP
3:1

Trade closed: stop reached

Comments
livingdaylight
I don't look at that many instruments as I've not been able to keep track. AudNzd is certainly one I least pay attention to, but your chart inspired me to take a look; particularly, to see why P flew through that zone.
Price can do whatever it likes anyway - there are no guarantees, but, although I find it hard to see your charts properly because there are 4 views on one screen, I think the D sz you chose is one I would not have left a sell-limit on and I tried to show why.
I hope the charts make sense.
livingdaylight
240

livingdaylight
Daily View:

livingdaylight
Weekly View:

livingdaylight
Curious about your take on the Monthly level. Do you have rules?

More