AUDUSD, no shorts are allowed
Although the Weekly, Monthly, 3M are on a Downtrend, and the price still below the EMA20, however; the price on the daily had eliminated 3 Strong Supply Zones without any respect.
Supply zone (0.65467 - 0.64877)
Supply zone (0.64514 - 0.63834)
Supply zone (0.65765 - 0.65035)
No shorts are allowed until having a solid confirmation
In contrary, expecting the price to eliminate the Weekly supply zone (0.66900 - 0.65000), and to rally higher and may reach the Monthly Supply Zone (0.67652 - 0.70580) where possible shorts but in-confirmation
Supply zone (0.65467 - 0.64877)
Supply zone (0.64514 - 0.63834)
Supply zone (0.65765 - 0.65035)
No shorts are allowed until having a solid confirmation
In contrary, expecting the price to eliminate the Weekly supply zone (0.66900 - 0.65000), and to rally higher and may reach the Monthly Supply Zone (0.67652 - 0.70580) where possible shorts but in-confirmation
All the Best
M.K
M.K
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
All the Best
M.K
M.K
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.