entry: supply zone above midrange
target: previous local low
action: waiting for pullback into supply zone, stoch RSI 1h moving into overbought area.
target: previous local low
action: waiting for pullback into supply zone, stoch RSI 1h moving into overbought area.
Note
some pullback into supply with stoch in to overbought.waiting for ny session but have to beware of a deeper pullback on DXY
Trade active
entered 1/3 into the trade at supply zone upon seeing DXY getting into demand zone and USDJPY rebounding. there is also some consolidation to be actioned on.still targeting the local low.
if breakdown of this leg is confirmed then i will entered full position.
Note
entered full position with breakdown of lower tf rangeNote
should have be more patient with the breakdown confirmation. now there is a small rebound of that break level. next time i really wait for a while to see that there is no pullbackTrade closed: stop reached
got stopped out TvT. should have played this more patiently and have just taken only 1/3of SL
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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.