AUD/USD - Still demand in FIBZONE
As mentioned in post previously (linked below), price rose looking for some supply, found it again in the area expected. It was enough to get in aggressively, but not enough for me considering the time of the year.
Price has returned and found strength again in the FIBZONE and has rejected again at the time of this writing.
Will keep an eye on key levels for sellers to return, and buyers to disappear for a short entry.
Scalping a short off of weakness at the top again should be doable for an aggressive 10-15 pips, if the volume is there and the setup plays out. Not something I'm looking for, but if you have more of an appetite for risk and take it, let me know how it turns out.
It's important to note the weakness found at the automatic rally. If it shows up again in the zone marked (prior to the top zone) than it doesn't necessarily need to come all the way back up to make a move down.
Price has returned and found strength again in the FIBZONE and has rejected again at the time of this writing.
Will keep an eye on key levels for sellers to return, and buyers to disappear for a short entry.
Scalping a short off of weakness at the top again should be doable for an aggressive 10-15 pips, if the volume is there and the setup plays out. Not something I'm looking for, but if you have more of an appetite for risk and take it, let me know how it turns out.
It's important to note the weakness found at the automatic rally. If it shows up again in the zone marked (prior to the top zone) than it doesn't necessarily need to come all the way back up to make a move down.
Trade closed: target reached:
This trade went as expected, and actually you could have gotten in again for another run down.
If you are taking these trades please let me know or if you would like to see more analysis.
If you are taking these trades please let me know or if you would like to see more analysis.
