TRADE PARAMETERS
Pick Date : 03/21/18
Entry : 0.9251
Stop : 0.9226
Target : 0.9550
TRADE STRATEGY
Income Type : Swing
ENTRY
0.9251 is a newly formed 8H demand zone nested in a weekly demand zone . Will be doing a set and forget limit order. Price will need to have a strong move into the zone.
STOP
0.9226 is 25 PIPs right outside of the high for some protection
TARGET
0.9550 is the next weekly supply zone .
Zone is fresh and will be hard to break the first test.
Pick Date : 03/21/18
Entry : 0.9251
Stop : 0.9226
Target : 0.9550
TRADE STRATEGY
Income Type : Swing
ENTRY
0.9251 is a newly formed 8H demand zone nested in a weekly demand zone . Will be doing a set and forget limit order. Price will need to have a strong move into the zone.
STOP
0.9226 is 25 PIPs right outside of the high for some protection
TARGET
0.9550 is the next weekly supply zone .
Zone is fresh and will be hard to break the first test.
Comment:
I've set alerts for this pair. Will be keeping a close eye as it gets closer. I can start to see the buying pressure coming in.
Comment:
Price is coming in hot. We'll wait and see what sort of arrival it has. The entry has been move to 0.9240 set and forget but anyone actively monitoring can pretty much take it it in the zone anywhere just make sure you use risk management and position size accordingly.
Comment:
Trade is still valid price is still working it's way to the demand zone
Trade active:
Trade is now open at 0.9240 and stop i adjusted 20 PIPs at 0.9220.