Checklist for SELL Setup - Price Action.
1) Identify order flow: AUD -5 / USD +3 = AUD/USD SELL
2) Identify supply: 0.693 - 0.694
3) Wait for price to pull back to retail prices
4) Once pulled back: Enter with a SL just above the supply zone: SL 0.696
5) Target: Recent low or larger time frame demand.
1) Identify order flow: AUD -5 / USD +3 = AUD/USD SELL
2) Identify supply: 0.693 - 0.694
3) Wait for price to pull back to retail prices
4) Once pulled back: Enter with a SL just above the supply zone: SL 0.696
5) Target: Recent low or larger time frame demand.
AUD -5
CAD -6
CHF +2
EUR +4
GBP -4
NZD -2
USD +3
JPY +7