AUDUSD short - Double Top - Supply Demand - UPDATE

May 13, 2020

Hello Traders!

Great moves on AUDUSD yesterday. The price went down from the h4 Supply Zone. It also created a new Supply Zone. We can expect that the price will go up again to the Supply Zone. Afterwards I expect a drop down to the Demand Zone.

If we are at the Demand Zone the price could push higher, but also had the opportunity to break it. Remember we are at a daily level of supply. This levels can push the price for more pips in one direction. But we will need to watch price action and the market at that specific time for further confirmation.

But for now cheers for all who are in the trade or for the traders who scalp it. It made great moves yesterday.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Also tell me who is already in shorts?

Thank you and we will see next time
- Darius.