AUDNZD Swing Idea 10/30/2020

29 באוק׳ 2020

The demand zone in which the price is ranging right now has already been tested 3 times as a Support. Logically, we can't blindly trust this Demand Zone and just place Buy Limits. The more a price level has been touched or tested, the more likely it is to be broken. Therefore, we will wait for clear rejections in lower timeframes to confirm the Bullish Volume. Although, if the price breaks our support and goes lower than the previous higher low, we would wait for a Clear Retest and look for Sells inside the Flip Zone.