Sell AUDUSD - Daily Supply & potential S/R confluence
Updated
Setup based off Daily Supply Zone
-Initial move away 6:1
-Fresh level
-DXY in/approaching Demand
-Potential Support/Resistance Confluence
-5:1 Reward to Risk
-Initial move away 6:1
-Fresh level
-DXY in/approaching Demand
-Potential Support/Resistance Confluence
-5:1 Reward to Risk
Trade active
Trade closed: stop reached
Comment
Price moved close to 2:1 in my favor before getting stopped out. Daily demand had formed and was respected. That was the point to take profits. I need to remain objective as I manage trades and fluid enough to close them should new conditions arise.
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