This is trade I am watching for the AU. I know the chart is a 4HR but the Supply Zone was picked from the 1HR Chart. Looking to short at the TriggerLine @ .9330 with a 1:1 RR for 50pips
This SupplyZone is between the 50% & 61.8% Fib levels and I did some research on the web and found out there are possible institutional sell orders stacked up around these areas. All this helps stack the odds in our favor, but as in trading nothing is certain.
S/L hit for 50pip loss. Looking for the next Supply Zone at around .9400
IzzoFx
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Switching my t/p to .9300 because A/U seems to have a long bias and there may not be enough sellers to push it back down to my original t/p before it continues it up move. I am also looking for a fresh 4HR SUPPLY ZONE @ .9390 - 410
IzzoFx
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Damn, price missed my TriggerLine @.9330 by 2 pips. And now is price is fell past .9280 which would of been my T/P.
IzzoFx
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Courtesy of Forexlive.com
+ Sellers 0.9350/70 but larger at 0.9390/00, some stop loss buyers above 0.9325 and 40 mingled in
+ Sellers initially on the day 0.9330/35 (some at 25)
+ Buyers 0.9275, 0.9250, 0.9215 and larger 0.9200/05 – some stop loss sellers below 0.9275
delete3
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and?
IzzoFx
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Use the info as you like or ignore it. Maybe levels or prices to keep any eye on for any reactions.
delete3
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since I was short but I realized It just broke Kumo Cloud at 4 hrs graphic so I am long now.. Thank you for the info thou...