Short Term Longs to Short Weekly Supply Long Term
So I'm looking for short term longs on the 4HR chart. I see two possible plays in price action (red and blue arrows). In both cases, I'll look to take longs if price reaches my zones (orange lines). Out of the first zone, I'll target target about 75 pips and then move SL to breakeven. The 2nd, I'll look for about 125 pips and then move SL to breakeven.
The long term play here is to long into a weekly supply zone and then short for a long term short hold. We'll see how price plays out in regards to this possibility
Weekly
Daily
4HR
The long term play here is to long into a weekly supply zone and then short for a long term short hold. We'll see how price plays out in regards to this possibility
Weekly
Daily
4HR
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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.