Entry on AUDUSD: rejected in higher timeframes on the supply zone. Made a break of structure in lower time frames. 3 tp at 1:1 1:2 and 1:3. Opinions are appreciated.
Home » Daily Trading Signals » Entry on AUDUSD: rejected in higher timeframes on the supply zone. Made a break of structure in lower time frames. 3 tp at 1:1 1:2 and 1:3. Opinions are appreciated.
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This has been a pair that I have been staying away from for a while now because of its daily ranging. You are right in your analysis though. you had initial rejection at .73814 and now it has hit 2nd rejection at .73744. The range is strong in this one.
It touched previous days low – then went for the highs. Simple. No lines. No nothing.