Trade 1 : Buy 0.9907, SL 0.875, TP 1.0123
Leading time frame : D1-H4.
Supply zone is at 1.0123-1.0186
Demand zone is at 09881-0.9934.
Entry Type : Pending order
Strength : 2/2. Strong move away from level.
Risk/Reward : 2/2. Risk 32 pips, Reward 216 pips.
Big Picture : 1.5/2. Daily trend is up and H4 trend is down. This might be an impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0/1. Long 1.5 days worth of basing
Arrival : 0.5/1. Decent move down.
Total score :8
This might take a while before it takes off if it ever triggers.
EUR/USD
I am looking for a sell at the supply zone for a entry to continue the downtrend. This might be tough considering the strength of the move upwards. This will be an confirmation entry.
Trade 1 : Sell 1.4135, SL 1.416, TP1.3884. TP2 1.3969
Leading time frame : H4-H1.EUR/JPY
Supply zone is at 1.4114-1.4153
Demand zone is at 1.3942-3968
Entry Type : Market order
Strength : 1/2. Strong but wicky away from level.
Risk/Reward : 2/2. Risk 30 pips, Reward 172 pips.
Big Picture : 1/2. H1 trend is down and M15 trend is up. This will be a impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0/1. Not much basing, and it is a wick where the move started.
Arrival : 0/1. No idea yet
Total score : 6 /10
AUD/USD
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