2 trades scenario.
Note: Countertrend trade. I will take this trade only because I opened the first one and already banked half. So its a no risk trade for me.
Because its a CT trend and the bigger picture is going short on Higher time frame zones (Weekly SZ) i wouldnt take it if I didnt take the first one.
First trade already closed half at 2/1 and brought...
Strong D1 institutional supply filled in
Took this with a 0.2% risk since i focus on long term only and keep it to 1% risk trades mostly.
Nonetheless for day and swing traders this one was a lovely trade
Weekly supply taken out
Monthly is up
Weekly is up
D1 is down
Looking for LONGS on D1 fresh demand zones OR D1 demand WITHIN Weekly Fresh Demand zones
Entry: NOW at market price
SL: 1.19422 (Below D1 fresh demand)
Entry Below @ Weekly and D1 demand zones pending order @ 1.48474
NZDUSD D1 and W demand zone potential long
First entry on D1 DZ and D1 Supply zone set as a target with SL under D1 dz
second entry on W dz (same price) with target set on W SZ and stop under the whole W dz
EURCAD potential short off 4h and D1 supply
Pros: Weekly supply is in control
Cons: it may break through D1 supply and go back to W supply higher
After plan: IF short pans out, Look for Longs at Weekly Demand zone lower around 1.423