Following last week bearish push, price has retraced higher into the Supply Zone which has confluence with the 4H Fib Short Region, Institutional Level 1.22 and a Wide Declining EMA 14.
Lower TF
Setup - 4H Bearish Short
Enter right on Institutional Level 1.22
Entry - 2 position
Risk 1% each
Position 1 - 10 pips TP
Position 2 - 20 pips TP
Trade closed: target reached
Both position hit TP.
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Related publications
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.