I have been watching some webinars of the 5ers where they trade purely supply and demand zones. This fits this strategy and my own except that there is no signal candlestick bar. Price hits the demand zone after an extended period. If buy orders are still thee we should see a bounce higher with momentum. I am keeping this trade short because it is on the Pound and there can be surprises with the Brexit...
Date Pair Direction Trade Trend Level Signal Entry
2019-11-8 EURGBP Long Reversal Down Demand zone Market
Date Pair Direction Trade Trend Level Signal Entry
2019-11-8 EURGBP Long Reversal Down Demand zone Market
Comment:
Moved stop to -0.33R. Which is below the previous low.
Comment:
Moved stop to BE.
Trade closed: stop reached:
Stopped at BE