Institutional trading on lower TF 5min...
There is liquidity to be taken (small trendline + double bottom )
we are trading with the trend.
there is also a head and shoulders pattern that's already been made
There is a possibility that the stop loss will be triggered because we also have liquidity above. I will look to re-enter at a nice zone if that happens so be...
This pair came in a premium supply zone.
There is liquidity to be taken (small trendline + double bottom)
Biden wants to lower the gas price (fundamental)
we are trading with the trend.
Institutional trading at its best.
there is also a butterfly pattern on 1h TF.
There is a possibility that the stop loss will be triggered because it's a bit too obvious. I will...
GBPJPY took out the liquidity then went on to break the structure. I'm looking at a nice sell opportunity here. It came back to the 4h supply zone.
I am not a financial advisor and I'm not responsible for anything that happens this is just my view on the market.
Leave a like if you have have the same idea otherwise drop a comment on why not...
sl got taken out
4h supplu zone got rejected
back in the channel after it retested
you can enter on a small retracement
i am not a financial advisor this is just how i see the markets...
BUY limit @ 1.17574 (entry based on the 1h chart)
TP @ 1.19567 (=198 pips)
SL @ 1.17224 (=35 pips)
RR = 5.68
Supply and demand on lower timeframe into higher timeframe supply zone...
uptrend, higher highs are being made, there is a supply zone that needs to be filled so I expect 1 last push to the upside before resistance is made on the higher...
supply and demand
the entry is not on point missed it by the spread
price made a higher high and a higher low and came to test te higher low again
i am not a financial advisor this is just my view/opinion on this pair
break retest strategy + wicked on the zone (4h price action) + trendfollowing
TP 1 is given take partials and put break-even after TP 1 after that let the trade run to original TP
this is post analysis supply and demand
it played out just as I expected. if you entered in the first zone you would have made +- 75 pips
I entered in the 2nd zone and also made 60 pips. got out of the trade because it's Friday...
win-win situation for both zones :)
a like or a follow would be appreciated
eur nzd is now in a demand zone and also in a channel
4h candlestick tried to go lower but made a higher high instead and
if it does engulf the previous one we can enter the trade
tp1 is given so take partials and put break even after that
