Price failed to break through the supply zone above that was identified on the higher 4hr and 1hr TF.
The last unmitigated zone is highlighted in green and looking to take a short from there to the next low.
There is equal level liquidity below that will draw price there.
In addition the HH is just a wick giving me more confidence that there is weakness in the EUR.
The last unmitigated zone is highlighted in green and looking to take a short from there to the next low.
There is equal level liquidity below that will draw price there.
In addition the HH is just a wick giving me more confidence that there is weakness in the EUR.
Order cancelled
Price did not reach high enough to trigger me in, i did not want to chase and let the trade go without me. it was reassuring that my idea was correct in terms of direction and TP.
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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.