FX:AUDUSD   Australian Dollar / U.S. Dollar
daily demand has been consumed and price dropped below the level. A retrace/test offers a nice opportunity to go short untill next (daily) demand zone . Stop Loss goes above the zone.
Oct 06
Comment: one can see the different shades of green in the zone. These are the different timeframes. This can be convenient for placing stop losses and help reducing the amount of pips and increase the RRR
Oct 13
Trade closed: stop reached: partial profit taken before stop loss got triggered. break even trade.
"The tape reader is not the captain - he is but the engineer who controls the machinery. The tape is the pilot and the engineer must obey orders with promptness and precision."
- Richard D. Wyckoff


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