Zone to zone order placed 3 pips before the zone Stops 3 pips above zone 23 pip risk v 269 pips
This zone has caught my Eye On AUDUSD Will be watching and waiting
zone to zone 618 fib reached, oversold RSI, 1.27 lines up with a fresh supply zone
Price has pushed unto a fresh zone on the 30/ 1hr. 4hr chart RSI is oversold on the 30min chart Order set at 1.2970 35 risk v 311 reward
just a few areas that are standing out as places where price Inca move to / drop from
AS we can see there is a good 2:1 long setting up on the EURUSD. Price has pushed down to the untouched zone and we are seeing more buying pressure froths level. The 2 hour chart shows a strong moved down with that engulfing candle which will offer little resistance to the upside at around the 1.15200 level
Looking at where price is there are a few levels that are jumping out. The first area is the 1.17400 level, there was a strong move down from this level, looking left however there has been a lot more activity in this area which leads me to believe that although there could be a good opportunity here there is a better and untouched area at 1.19250 area. If...
The 1.12000 level has only just been touched and rejected so this could offer another area to get long. However the untouched area that would offer a better low risk chance of a turn would be down at the 1.10200 level. The highest point offering great shorting opportunities is way up at the 1.22800 area
zone to zone nice big drop down giving little resistance to the upside
Price has been ranging sideways between 0.9600 and 0.95700 this shows me that there is potentially a chance price may break lower. There is a fresh Zone at the 0.9300 level which has had one tiny test and bounced from this level. If price shows signs of rejection at this level it could be a good place to get long to the 0.96900 level. If price were to break to...