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jamesabuck
Dec 7, 2020 10:31 AM

EURAUD Sell before Buy Long

Euro Fx/Australian DollarFXCM

Description

We would want to see the price rise into our supply zone capturing liquidity. Wait for entry criteria - extremes of Bollinger bands, confluence around 1.64 for a sell. Using Wyckoff theory when price returns to our demand zone we'd front-run a buy by 5-10 pips before a move to the upside.

Trade active

First sell came through +80 pips - See where the price is in relation to our zones in the morning!
Comments
Helena_FX
Very good, hope the Buy happens
Helena_FX
Do you consider removing completely or extending your SL?
jamesabuck
@Helena_FX, Will wait until the morning and see where the price is in relation to zones in the morning :)
Helena_FX
@jamesabuck, Hope it goes your way.
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