AUDUSD Supply & Demand setup
Updated
Two setups, one short term, one long term aligned with the macro outlook.
On the short term front I'm trading the last significant supply zone with a tight stop. This is more of a risky trade with a tight stop.
Long term we trade the supply which broke the 10y low with some coronavirus news. Expecting this to be steel resistance, nevertheless used a more conservative stop. Aiming at the demand zone below 0.65 in this setup.
On the short term front I'm trading the last significant supply zone with a tight stop. This is more of a risky trade with a tight stop.
Long term we trade the supply which broke the 10y low with some coronavirus news. Expecting this to be steel resistance, nevertheless used a more conservative stop. Aiming at the demand zone below 0.65 in this setup.
Trade closed: target reached
Target hit on both trades
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