AUDUSD SHORT FOR Risk : Reward Of 1:3 - Nairaland / General - Nairaland
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Audusd 4hours Distribution Re-short It Tp 6350 / AUDUSD Will Try To Reverse To The Upside After Touching 78.6 FIB / AUDUSD Short Opportunity (2) (3) (4)
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| AUDUSD SHORT FOR Risk : Reward Of 1:3 by Fisher85tow: 11:02am On Jan 02, 2023 |
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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