We are going deep
First target 1.0888
-50% retracement from
-swing low 1.080
- Point of origin wherein price broke the structure
-swing high 1.098
2nd target 1.08379
- Daily supplyzone/orderblock(OB+ D1)
-point of origin where the price broke structure.
-50% retracement from the whole bullish structure
- Swing low of 1.070
- Swing high of 1.098
Price will reach equilibrium touching the 200 EMA in the future.
-50% retracement from
-swing low 1.080
- Point of origin wherein price broke the structure
-swing high 1.098
2nd target 1.08379
- Daily supplyzone/orderblock(OB+ D1)
-point of origin where the price broke structure.
-50% retracement from the whole bullish structure
- Swing low of 1.070
- Swing high of 1.098
Price will reach equilibrium touching the 200 EMA in the future.
Note
Note
Price reacting to the daily supply zone. Expect a bearish retracement.Note
Trade active
Entry limit activated Trade closed manually
Note
UPDATE!!!!!!!Here we have
Bearish engulfing daily candle rejecting the Supplyzone (OB- Daily) @ 1.94 area
Price should reach equilibrium @ 1.0838
Which is a Daily Demand zone targeting a 50% retracement from Swing low of 1.07 to Swing high of 1.098
This Daily engulfing bearish candle which formed & reacted from the supply zone is a 100% confirmation market going to the daily demand zone (OB+Daily) & target a 50% retracement.
Trade closed: target reached
Price successfully reached the target at 1.084. Idea went perfect! 10/10
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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.
Related publications
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.