ChaosTrader63

AUD vs USD Approaching a Supply Zone

Short
FX:AUDUSD   Dollar Australien/Dollar Américain
2
Looking at the 4 hour time frame of the AUD vs USD you can see price is approaching a supply zone and already beginning to react to this level. our last candle just missed piercing the level but we are looking for price to move to this level without violating the level in order to take our short opportunity. If price moves within the zone and comes back out to the down side we will look to enter the market short with a possible first target at the psychological support level @ .90400 where previously we saw a lot of reaction to this level in the past. A violation of .90400 would send us to find support at .89019
As you can see I am more of a long term trader and look for structure with support and resistance levels and zones. I believe the market moves to and fro between support and resistance and constantly makes new levels. That's my take on the AUD vs USD. Have a great trading day and God bless!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.