FX:AUDUSD   Australian Dollar / U.S. Dollar
79 7 1
Decided to set-up this trade while I am waiting on my 4HR A/U trade to trigger.
Trading off of the 1HR. Entry is @ 9360 TrigerLine but price may only reach 9356.
The Supply Zone is also confirmed by the 50% - 61.8% Fib zone.
I am also trying to learn this method. It's quite tricky when there are 2 zones on top of each other, deciding which on to pick. How did you pick up these methods?
When I looked at the 240 chart (4HR) I clearly noticed the true zone was .9393 - .9383. Also if I would of increased my profit ratio to 1:1 (30pip loss & target) I would of won instead of talking the Loss.
IzzoFx IzzoFx
* correction .9393 - .9363 is the 4HR Supply Zone.
Killtrading. I also learned a lot by joining http://www.artoffx.com they have a chat room where I can ask all the questions I want with seasoned traders that trade for real with real money! Should check it out.
*correction - Supply Zone .9393 - .9383
I should of used the Demand Zone at .9393 - 9383 that I did not mark on the chart.
Man, price hit my stop loss by 2 pips, and fell right into the t/p. Live 2 Trade another Day!
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