Setup based off Daily Supply Zone
-Initial move away 6:1
-Fresh level
-DXY in/approaching Demand
-Potential Support/Resistance Confluence
-5:1 Reward to Risk
-Initial move away 6:1
-Fresh level
-DXY in/approaching Demand
-Potential Support/Resistance Confluence
-5:1 Reward to Risk
Trade active
Trade closed: stop reached
Note
Price moved close to 2:1 in my favor before getting stopped out. Daily demand had formed and was respected. That was the point to take profits. I need to remain objective as I manage trades and fluid enough to close them should new conditions arise.
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.
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.