#replay1k 22 - Supply/Demand (P1)

Jul 5, 2022

Entry at the start of OB, which is almost the same as 0.705 level of swing high and swing low. SL set at 0.5% lower of the OB. TP is yet to be set.

Jul 5, 2022

Trade active

Now we have a local high as a potential TP.
As the major trend is downtrend, the local high is an acceptable TP level. Now set.

Jul 5, 2022

Trade closed: target reached

TP & exit.

Thread closed. //

Jul 5, 2022

Note

Note:

It's obvious that the liquidity was grabbed on the equal highs. Now expecting the opposing trend.