August 6th $AUDUSD retest of supply and demand zone

August 6th $AUDUSD retest of supply and demand zone

Today’s Box trade idea is for the AUDUSD to retest this supply and demand zone, an area where supply and demand were previously in balance until suddenly (in this example) demand ran out. If price comes back into the Box and closes below, the Box will enter a short trade, with the stop above the box and a target of the average daily range.

Yesterday’s $GBPJPY trade is currently open and in profit…more later!

Daily trade ideas at http://www.tradingthebox.com

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