Hey guys,
A potential nice short for this pair.
I will short @ around 0.71540 and will target the previous demand zone @ 0.71210 levels.
Of course the trade is cancelled in case prices don't reach the sell zone.
Stops and targets shown in my chart. The R/R ratio is slightly above 2 for this trade.
Trade at your own risk
A potential nice short for this pair.
I will short @ around 0.71540 and will target the previous demand zone @ 0.71210 levels.
Of course the trade is cancelled in case prices don't reach the sell zone.
Stops and targets shown in my chart. The R/R ratio is slightly above 2 for this trade.
Trade at your own risk
Note
Usually if it's a fresh supply/demand zone, price reacts pretty quickly. Let's see how it goes with this trade.Note
*** Just entered short ***Note
As you can see supply and demand are areas not definite prices.
Note
Although I didn't wait for the pattern to form, this could be a kind of "confirmation" of the short... --> M1
Trade closed: target reached
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Related publications
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.