AUDUSD Price Nearing 4H Supply Zone Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Oct 7, 2015 10:12 AM

Price is approaching a 4H supply zone on AUDUSD chart.
There could be a bounce in price downwards from there.

TP 3R
B.E. 2R
Cancel if price starts to base just below the zone or touches 0.72400 without triggering the entry.

Comment

⋅ Oct 8, 2015 9:52 AM

Entry cancelled as price strated to base before TP (new demand)

Supply and Demand