EURAUD, 1H chart
The 1H trend is obviously lower low down trend, the price is now pulling back into a large supply zone,
you can look for opportunities to enter the market from the 1~5m time frame.
Please make sure your SL put above the supply zone box and give it a little breath.
TP is the small demand zone below.
Please don't short without the signal.
Signals can be: engulfing , head and shoulder , pin bar , fibo,QM, etc...up to you
The above is sheerly a personal analysis, only for reference.
Please make sure your per trade risk 1~3%
The 1H trend is obviously lower low down trend, the price is now pulling back into a large supply zone,
you can look for opportunities to enter the market from the 1~5m time frame.
Please make sure your SL put above the supply zone box and give it a little breath.
TP is the small demand zone below.
Please don't short without the signal.
Signals can be: engulfing , head and shoulder , pin bar , fibo,QM, etc...up to you
The above is sheerly a personal analysis, only for reference.
Please make sure your per trade risk 1~3%
Trade closed: stop reached
Note
I have checked 1~5m time frame, when the price break the previous low then pull back to the box ,i entry the short position ,SL put on the previous high , but result got stop out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.