POTENTIAL SELL ZONE ON AUD/USD

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Hey guys! I know I said I was calling it for Christmas but I’ve been scouting the markets this morning and came across a lovely last buy to sell zone.

As you’ll see above I have highlighted this last buy to sell region which will be holding supply in the market, this could be enough to instigate a supply and demand balance flip and we may see price going bearish after a penetration.

So with that being said, set an alert round this area, wait for price to penetrate, once it has wait for a fractal BOS then look to place sell positions. Have your SL above the zone or the peak created and a take profit AT LEAST 1:2 RR.

The zone I have highlighted above incase you can’t see it properly is between 0.6722-0.744, best of luck to you all! Enjoy the profits of the right confirmation is delivered.

Penafian

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