We are currently in a downtrend on the 4H and 1H charts, with some decent movement still left to go before hitting the demand zone at 0.83850.
Once it hits this demand zone I will be looking for a rally or reversal which will likely bring us back to a state of equilibrium.
TRADE IDEA :
SHORT FROM SUPPLY
RISK ENTRY -
ENTRY :0.84927
SL : 0.85113
TP : 0.83858
Like trade will look similar to this but will wait for confirmation on the 15m once price action gets into the supply zone.
Once it hits this demand zone I will be looking for a rally or reversal which will likely bring us back to a state of equilibrium.
TRADE IDEA :
SHORT FROM SUPPLY
RISK ENTRY -
ENTRY :0.84927
SL : 0.85113
TP : 0.83858
Like trade will look similar to this but will wait for confirmation on the 15m once price action gets into the supply zone.
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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.