TheSupportResistanceTrader

AUDUSD short from double supply area

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Shorting AUDUSD from the yellow area as that is a supply area on the short (30min) timeframe, as well as the long (12hr, gray area).

These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart.

Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.

Take care,
TheSupportResistanceTrader

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