Hit my SL on this on the Daily chart. This pair decided to go bull.
I m long for a short term Buy exiting at 1299 . And then start selling at 1300 towards 1270
Supply level approaching near. It is fresh and a strong imbalance. 1: 5 RR.
I took the wrong level below, the fact that the level above was the supply level. I got stopped out for - 12 pip
Nice swing for the EURJPY. 1:10 RR , strong move with very little time price spent at the supply area. Meets the criteria of a rally base drop. Small risk for 22 pip with a 220 pip reward. Who's with me ?
Price is in between and would like to trade this. But short term intraday , its neutral, so buying and selling on the smaller tf could get you some quick bucks.
By the looks of it, GBP has room to go on the upside. Not much supply stopping price moving up. Daily chart indicate where to buy. Small risk demand will be the ideal place.
I try sellling the first supply just to see it work, but stopped out . putting sell order on the next one.
THis pair has been untradable since. Banks like to manipulate this pair big time. I have move my SL above the Proximital line.
I was shorting this pair since Monday and yet didnt have any good outcome and its almost Friday tomorrow. I've close this trade as the reaction are not suitable Supply and demand type of trade even if it meets the criteria.