Hey Everyone, wanted to share my trade idea for today and fundamentals.
NFP will tell us the direction of the US Dollar for the next few weeks, so waiting patiently for the news to come through and react to the news accordingly.
Do not predict, reacting is the way forward.
I have highlighted some interesting supply zones where we could see some resistances for AUD/USD, I do not expect for any of those supply boxes to break before NFP.
Breaks upper supply box, go long, breaks lower supply box go short!
NFP will tell us the direction of the US Dollar for the next few weeks, so waiting patiently for the news to come through and react to the news accordingly.
Do not predict, reacting is the way forward.
I have highlighted some interesting supply zones where we could see some resistances for AUD/USD, I do not expect for any of those supply boxes to break before NFP.
Breaks upper supply box, go long, breaks lower supply box go short!
Trade closed manually:
Trade played out beautifully and closed the trade, now looking for shorts for this particular pair, highly overextended and due to a pretty substantial pull back to one of my supply zones.
Comment:
Beautiful reaction from the supply zones, important to see how the 4 hour candle closes before jumping into a sell
Trade active:
Trade was activated yesterday after breaking my supply zone, tight stop loss above the second supply zone 25 pips collected.