Hi guys,
Started to trade with supply and demand zones this week (a kind of price action IMO) and so it’s pretty good. Indeed, I did four trades this week and three of them are profitable. However, I closed a losing trade this morning because the pair failed to rebound from the support line I drew. However, I also realized that R Carter, a fellow member who introduced me to this method, is right. It really seems that a S/R level is more likely to be pierced through it’s already been tested for a few times before.
My hypothesis for AUDNZD is in this image.
Thanks for your help!
Wllen1