QSInvestments

EURUSD 15M SUPPLY ZONE

Short
OANDA:EURUSD   Euro / U.S. Dollar
You see that long wick upon entry of the supply zone I setup. That tells me there are a significant amount of sellers at that price. If price comes back up to the level I will stay no matter what and it will be a good idea for anyone to get in at that entry price as well. Price barely touched the supply zone. I am interested in adding to my position if price comes back. But be warned: it is rallying from a demand zone on the Daily chart (green section below), which is my target to get out and a possible chance for a 3:1 RR.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.