AUDUSD SHORT FOR Risk : reward of 1:3

Trading Discussion
1

As per the Daily chart we clearly see that Price has violated Demand Zones and we have a Fresh Daily Supply Zone formed, Price is aleady coming from a Monthly Supply in the higher timeframes and hence the Target is a Monthly Demand formed at 0.65512.

Once Price violates a Demand in lower timeframes like 1H and 4H we will have another trade with an amazing Risk: Reward ratio. But for now 1:3 is also a considerable Risk to reward ratio hence shorting.

Happy Money Making !!!

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2

I was just watching this chart and internally debating whether I should open a position for this. :thinking: I guess I’ll have to watch and wait for now. :open_mouth: I hope you provide an update for this position. :pray:

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