Trade type BBB
Reasons for taking this trade:
Price is at a resistance zone
Price has hit a 4hr supply zone. This is the first time the zone has been hit.
M15 Candlesticks are closing bearish.
There is a liquidity zone below.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Reasons for taking this trade:
Price is at a resistance zone
Price has hit a 4hr supply zone. This is the first time the zone has been hit.
M15 Candlesticks are closing bearish.
There is a liquidity zone below.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Trade closed: stop reached
This pair is longterm bullish hence looking for shorts was not a good idea
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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.