We have entered a long position yesterday evening as price returned to Demand area created after breaking trend line liquidity to the upside.
We can see a lovely fresh demand area created on the 1 hour chart for re-entries (Highlighted blue zone)
Want to learn about Supply and demand in further detail, I highly recommend the following to mentor you!
launchpass.com/core-investing/traders/v2?via=neil
We can see a lovely fresh demand area created on the 1 hour chart for re-entries (Highlighted blue zone)
Want to learn about Supply and demand in further detail, I highly recommend the following to mentor you!
launchpass.com/core-investing/traders/v2?via=neil
Note
You can clearly see the targets here in blue. Daily supply zones!Trade closed: stop reached
A very frustrating loss. I had taken some profit on the first position, but overall took a loss. The news release impacted this pair more than I'd anticipated. We comfortably went on to hit (and react perfectly) my target supply area
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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.