Toerezxer
Short

[1.33#2] Early Shorter's Price Range Analysis

FX:AUDUSD   Australian Dollar/U.S. Dollar
33 0 0
I took an aggressive short on this pair as it passes down the Warning Line 1, with S/L above the blue supply line. Those two blue lines still mark the sovereign supply and demand zones. We have seen AUDUSD             tried to go lower than the demand line three times, each time loosing strength, shown as green arrows. But I think the bear power is coming into effect as we get close to the dashed red daily resistance, so the Warning Zone 1 should mark the turnaround point where we should break below the demand line. As for an Elliott wave perspective, we might be towards the end of the wave 4, and I will temporarily T/P as the wave 5 finishes. Then we must see A-B-C try hard to break the zone again. If bulls win that round, it means my count is wrong, and I would then take a long position. But I consider that as a low probability option.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out