Trade type BBB
Reasons for taking this trade:
Price is at a resistance zone
Price has hit a 4hr supply zone. This is the first time the zone has been hit.
M15 Candlesticks are closing bearish.
There is a liquidity zone below.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Reasons for taking this trade:
Price is at a resistance zone
Price has hit a 4hr supply zone. This is the first time the zone has been hit.
M15 Candlesticks are closing bearish.
There is a liquidity zone below.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Trade closed: stop reached:
This pair is longterm bullish hence looking for shorts was not a good idea