TRADE PARAMETERS
Pick Date : 03/19/18
Entry : 0.7281
Stop : 0.7301
Target : 0.6499
TRADE STRATEGY
Income Type : Swing
ENTRY
0.7281 is a 4H demand zone. Set and forget limit order. Price will need to have a strong move into the zone.
STOP
0.7301 is 20 PIPs.
TARGET
0.6499 is the next monthly demand zone. Speculating a move lower because the opposing monthly supply was respected Chart should form a monthly lower low and lower high down trend.
Pick Date : 03/19/18
Entry : 0.7281
Stop : 0.7301
Target : 0.6499
TRADE STRATEGY
Income Type : Swing
ENTRY
0.7281 is a 4H demand zone. Set and forget limit order. Price will need to have a strong move into the zone.
STOP
0.7301 is 20 PIPs.
TARGET
0.6499 is the next monthly demand zone. Speculating a move lower because the opposing monthly supply was respected Chart should form a monthly lower low and lower high down trend.
Comment:
Not liking this price action. Entry moved higher to 0.7298.
Trade active:
Trade open at 0.7295. Took it confirmation with a 15 pip stop.
Trade closed: stop reached:
Stop was triggered. Trade idea was a bust.