Hello world,
unfortunately (probably) due to low market liquidity the current spread ranges between 6.9 and 10.8 pips.
Still, to keep this setup for later confirmation: here an idea.
EURGBP
Major trend (4h): Bearish
1H Trend (previous two day highs): Bearish
- 15 min supply zone hit
- increasing volume inside supply zone
- doji with huge candle on top
- 1MIN already made lower high (LH)
Entry: Right now.
Market already made lower high on 1MIN, which indicate the short term bullish trend has been broken.
Trade:
- 50% TP above next demand zone
- SL at above previous high wick
- 25% TP at low of next 15MIN demand zone
Exit:
- letting it run open (re-adjusting SL to trendline)
Risk Management: .5 %, position size adjusted to SL