Currently in a supply zone whihc has remained unmitigated since Aug 22.
Waiting on 1h break of structure to the downside from current position. We have had a double top on the 4H chart as shown on image.
Once price action has broken structure to the downside on the 1H chart, I will look to take a short.
Depending on length of hold I will look first to target the demand marked around the 1.33 zone but there is potential to ride this all the way down to 1.28607 depending on the market.
Will be trailing my stop so that we can take as much of this as is possible within risk parameters.
TRADE - SHORT :
Entry TBC
SL : 1.35936
TP : 1.28607 (managed)
Waiting on 1h break of structure to the downside from current position. We have had a double top on the 4H chart as shown on image.
Once price action has broken structure to the downside on the 1H chart, I will look to take a short.
Depending on length of hold I will look first to target the demand marked around the 1.33 zone but there is potential to ride this all the way down to 1.28607 depending on the market.
Will be trailing my stop so that we can take as much of this as is possible within risk parameters.
TRADE - SHORT :
Entry TBC
SL : 1.35936
TP : 1.28607 (managed)
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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.