Ok, What do i se here?
-previous 4H closed bearish. Price is currently on a zone (Support could turn resistance)
-A strong bearish candle has formed on the 30m tf and am anticipating for price to drop to approx 1.06200s to the support zone below.
-Taking a sell trade with my stop a few pips above the zone.
-Lets see how this one goes.
-previous 4H closed bearish. Price is currently on a zone (Support could turn resistance)
-A strong bearish candle has formed on the 30m tf and am anticipating for price to drop to approx 1.06200s to the support zone below.
-Taking a sell trade with my stop a few pips above the zone.
-Lets see how this one goes.
Note
-With the trendy kangaroo tail printing in the zone on the 45M chart, trade was closed at break even as price could continue moving up.
-Will only jump in for a sell if the kangaroo tail is turned to a liquidity candle.
Trade closed: target reached
Priced dropped well, created support at 1.06300, to0k profit then shot up again with a buy oder to 1.07000
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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.