Daniel-Malik
Short

AUDUSD - Near to Supply Zone !

FX:AUDUSD   Australian Dollar/U.S. Dollar
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Just found this trade of AUDUSD             . Price is near to supply Zone . Better to Take a Short Position right now. Also There is much more probability of Head and Shoulder as well .
Comment: Coming Down and Creating the right Shoulder!
Comment: Price is in the zone now. You may enter, but make sure to put stop loss at 0.77249. Great risk to reward ratio here. If stopped out, wait for an update as re-entry would be very likely.
Comment: Completed the Right Shoulder as i predicted . Now wait and short if neckline breaks thanks
Thanks Dan
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Yes Stoch is high, WWV is long with small candles on the chart
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Hmm theres RBA interest rate tomorrow are you going to keep ur short position?
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is taking a short position now still valid ?
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Daniel-Malik GoldHunter
Yes
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it makes a higher low, and higher high one by one from Day chart, really really great risk to short.
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TP1&TP2?
Looks good.
Cheers!
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This one is testing patience on holding on to the trade with min to no movement
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Trading is all about patience. We earn money in real world after a lot of patience. Typical salary we recieve is after 30 days on average. We should learn patience in trading too as it, comparatively, provides fastests results.
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It has already come down to 0.752. What is the second TP? first one is completed ^_^
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