The price is near demand zone of 4H , which is actually strong one. The price is bearish in lower time frame So this trade is against the trend but with confluence , Price need a good pull back to fill order from lates supply and to break support + demand zone to continue bearish momentum. So we are targeting most recent supply zone and by staying below the trend line. The R:R is 1:2.5 so its good for me.
Will update later on.
NOTE : I am a beginner and learner these trade setup are for learning. If you want to make any improvements in this or suggestions do comment.
Will update later on.
NOTE : I am a beginner and learner these trade setup are for learning. If you want to make any improvements in this or suggestions do comment.
Note
Trade is giving hard time , lets see what happens in NewYork Session , will update.Note
Move stop loss to break even. Disclaimer
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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.
