TRADE TYPE: INSTANT ENTRY TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.67000 STOP LOSS: 0.69000 TAKE PROFIT: 0.64000 RISK TO REWARD: >1:1
ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
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KINDLY UPDATE THE FOLLOWING: SL: 0.69400 TP: 0.64300
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Price is at a crucial important supply zone. We should Likely see the price drop from here should this supply zone/resistance is held intact.
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KINDLY UPDATE THE FOLLOWING: SL: ADJUST TO 0.70000 RR IS STILL 1:1 IN THIS CASE. PRICE IS AT CRUCIAL SUPPLY ZONE, WE MIGHT SEE SOME REACTION HERE
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A possible False breakout in play. On long term Monthly charts the level is still intact. if this is so, we can expect the price to keep falling and head to our desired target.