EURJPY re-test fourth time on Supply Zone & goes down?
Updated
EURJPYIf changing the chart to D1, we can see the pricing is re-testing the fourth time on Supply Zone. With the rejection-price, I think the pricing has good potential to going down. So I set the Sell-Limit under low-supply zone (121.293), Stop Loss above high-supply zone (121.675) and Take Profit around RR=6.9 or 9.6 :) Let's dreaming with me ;)
Note
Even the price is moving up, but do not have any signal to confirm about price breaks up the Supply Zone. So I still waiting the moment when price moves to below the low-supply zone and reach my Sell-limit set. Keep patience :)Order cancelled
The price continue the trend, so this setup is failed.
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.