TRADE PARAMETERS
Pick Date : 03/26/18
Entry : 105.05
Stop : 104.85
Target : 108.80
TRADE STRATEGY
Income Type : Swing
ENTRY
105.05 is a new 4H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 105.18 just use risk managment and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
104.85 is 20 PIPs right outside of the low for some protection.
TARGET
108.80 is 375 PIPs up in a fresh daily supply area with a 4H supply zone nested. Price will struggle to break the first test.
Pick Date : 03/26/18
Entry : 105.05
Stop : 104.85
Target : 108.80
TRADE STRATEGY
Income Type : Swing
ENTRY
105.05 is a new 4H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 105.18 just use risk managment and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
104.85 is 20 PIPs right outside of the low for some protection.
TARGET
108.80 is 375 PIPs up in a fresh daily supply area with a 4H supply zone nested. Price will struggle to break the first test.
Comment:
Trade idea is still valid but may update with new demand zones later to still include this same zone.