Free Forex Price Action Trading Strategies / Psychology Site

Sunday, 19 May 2013

DEMAND RETURN TRADE - AUDUSD short

We start the week with a demand return trade straight away.
AUDUSD fell strongly Thursday and Friday.
Limit short order at about 0.98 (Thursday's low) with a stop around 0.9830 (Friday's high).
I would prefer to wait for the price action at any return to the zone (between the two red lines in the picture below), but I can't keep Australian hours. Even traders have to sleep sometimes.


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