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AUDUSD short from double supply area
Australian Dollar / U.S. Dollar
Short
AUDUSD short from double supply area
By TheSupportResistanceTrader
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Jul 16, 2018
2
Cheer
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Jul 16, 2018
Shorting AUDUSD from the yellow area as that is a supply area on the short (30min) timeframe, as well as the long (12hr, gray area).
These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrader
Demand Zone
double
Forex
high
money
Multiple Time Frame Analysis
probability
profit
Supply and Demand
Supply Zone
Trend Analysis
winner
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