OANDA:AUDUSD   Australian Dollar / U.S. Dollar
This demand zone just triggered. It really is in the middle and against the trend so it is best to put in half or less than half of your usual position size. I expect to rally to the greyish demand zones above for about a 3:1 but it can certainly go higher. Sellers outnumber buyers 68 to 32% as indicated on myfxbook.com.
Comment:
I added to my position at 0.76928 and changed my target to the 5 minute supply zone at 0.77412, giving me a 4.86:1 RR instead.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.