Price has been extremely bullish. We are approaching a possible supply zone where we may see a reversal for the overextended bullish run.
So we prepare for sells.
But at the same time, based on Daily swing structure which is bullish, price made a deep pullback into a daily demand zone. So we could actually see this bullish move hold and break above our Supply Zone.
So we prepare for sells.
But at the same time, based on Daily swing structure which is bullish, price made a deep pullback into a daily demand zone. So we could actually see this bullish move hold and break above our Supply Zone.
Trade active
I put a buy limit at 1.24964 with stop loss at 1.25131. I intend to hold the trade to 1.23770Trade closed: target reached
Booked a handsome 7.35 RR Not Bad for my first trade of the year
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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.