Long AUDCHF on 6/2/19

Price is retracing from the 180 SZ and is approaching the 600M DZ, demand zone which is a level on level zone. 2 approaches to entry

first approach
1. Place a set & forget trade.
Entry 0.71240
SL : 0.78017
TP1 : 0.72078 (2:1R&R), will set to entry as break even and aim for TP2
TP2 : 0.72619 (3.3:1 R&R)

second approach
await for MMS, Martin Momentum strategy for an entry

Trade chiuso manualmente:

based on price action and the chart pattern this morning. I closed my trade.

A new trading pattern and signal is formed that shows this DZ is not able to trigger any profitable retracement.

Instead took a new short trade in another trading idea published.