Intraday: Short EURJPY as it approaches Supply Zone
Reason:
1. Prior consolidation before strong down move, shows hidden selling activities - sellers will be likely to defend their positions at this level
2. There’s also open drive initiated by the strong buyers previously at this region
3. Prior support turned resistance zone
EP: 124.52
SL: 124.72
TP: 124.32
20pips TP/SL
Simplicity at its best
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
1. Prior consolidation before strong down move, shows hidden selling activities - sellers will be likely to defend their positions at this level
2. There’s also open drive initiated by the strong buyers previously at this region
3. Prior support turned resistance zone
EP: 124.52
SL: 124.72
TP: 124.32
20pips TP/SL
Simplicity at its best
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade closed: stop reached:
Trade was stopped out.