Position Trade - EURAUD
Monthly Supply in Control
In the Monthly Chart,
- Expecting price to come down hard as it hits a 2nd re-test in the Monthly Supply
In the Weekly Chart,
- Need a confirmation that price will come down, hence wait for price to break an opposing Weekly Demand Zone first
In the Daily Chart,
- Price is correcting to the downside
- This trader is looking for continuous sell/s trades as there are compression to the left of the chart
Pending SELL order on the D1 chart is set on 28 May 2023
Monthly Supply in Control
In the Monthly Chart,
- Expecting price to come down hard as it hits a 2nd re-test in the Monthly Supply
In the Weekly Chart,
- Need a confirmation that price will come down, hence wait for price to break an opposing Weekly Demand Zone first
In the Daily Chart,
- Price is correcting to the downside
- This trader is looking for continuous sell/s trades as there are compression to the left of the chart
Pending SELL order on the D1 chart is set on 28 May 2023
Trade active
Note
Pending order activatedTrade active
Almost reaching Profit target in D1Trade closed: target reached
Note
This analysis will be archived and re-analyzed again.
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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.