AUDCHF - Engulfing on supply Level - SELL
Mis à jour
Hello traders,
I found a supply level that was hit last week. The price is currently in a consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a engulfing candle on the D1 Chart.
Below the indicated supply zone, a demand zone has formed, which now has to be overcome.
Then the way is clear until the demand level before the rally.
SL I place above the high of engulfing candle. (0.68469)
I place TP above Demand levels. (0.6666)
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
I found a supply level that was hit last week. The price is currently in a consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a engulfing candle on the D1 Chart.
Below the indicated supply zone, a demand zone has formed, which now has to be overcome.
Then the way is clear until the demand level before the rally.
SL I place above the high of engulfing candle. (0.68469)
I place TP above Demand levels. (0.6666)
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
Trade fermée: cible de profit atteinte
Hi traders, I hope you took the trade. We reached our target today :)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.