Thank you for checking out my Trade Idea on this Pair!
Very Strong Supply Zone on Hourly Time Frame
Set S/L Just above swing High and Target One is @ 1:1
Target Two is roughly 2:1 for now will be adjusted after TP1 is Acheived
Follow me if you are interested in more Trade Set-ups Using my Supply/Demand Price Action Zoning
Looking at the H4 chart we see rejection at the same mark as a previous H4 swing high, resting just above this level is a major Daily zone of which we have also tapped and shot out of. I will now be looking for reason to enter short positions into this trade!
THIS PAIR HAS HAD A VERY IMPULSIVE MOVE DOWN HERE ON THE DAYLY CHART. FX:AUDCADTHIS MOVE BROKE BELOW A LEVEL OF SUPPORT THAT HAVE BEEN TESTED MULTIPLE TIMES, AND I WILL BE WAITING FOR A POSSIBLE ENRTY FROM THIS AREA
We are seeing that currently, we placed our fresh major supply and demand zones in our trading pair AUDNZD , It has yet tp be breached with price and hence we have an untouched zone, deemed worthy of being a confirmation for a reversal since our extension area. We are currently in a nuetral position with this trading pair and we are looking to go either long or...
Classic Sell for Gold
Now what we see here is COMPRESSION INTO DEMAND. So we see buyers keep buying until price reaches too high for buyers to buy and sellers come into the market.
On the 28th of Feb, we saw Gold begin its decline and that is where price is heading to now before it meets its demise and fall once again.
Risk to Reward ~6
In my humble opinion,...
coming to major level here very strong, cad is completely dead this morning lol
probably a break and will be watching for the retest, beware cuz its friday and quadruple witching day (google) so it may be a fakeout and give large large wick
i will be waiting for last kiss or that big fat fakeout
read higher tf PA :))