Trade 1 : Buy 0.9907, SL 0.875, TP 1.0123 (Manual Close For +104)
Price wasn't gong anywhere, so I decided to kill the trade and take profit. The price action is getting choppy, so there is no new trade. I am expecting the demand zone is at 09881-0.9934 to be exhausted on the next hit.
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 (Order was cancelled and would have been stopped out)
Price was charging in too fast, so I killed the pending order.
Trade 2 : Buy 1.383, SL 1.379, TP1.414.
Leading time frame : H4-H1.
Supply zone is at 1.4136-1.4174
Demand zone is at 1.3797-1.3839
Entry Type : Pending order
Strength : 1.5/2. Strong move from level.
Risk/Reward : 2/2. Risk 40 pips, Reward 310 pips.
Big Picture : 2/2. 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 : 0.5/1. Based for 4 hours
Arrival : 0.5/1. It tool a hit and gave a nice bounce.
Total score : 8.5 /10
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