GA Short - why we took the trade
As it is the easter break for many countries - today is a great day to review trades.
For us - we review GBP AUD
we have a great one hour supply zone which was broken and retested as expected to grab and accumulate a few more orders.
we have a strong downward push candle which takes us 100pips further down - and continues to fall as bearish move is very strong - there is not a test at all by looking at the 30min wick.
From here price creates lower lows until a final push into the demand zone - and creates a rejection wick.
Price then begins to side line as buyers enter the market above the daily zone.
Now we see a final push of profit taking by the sellers - forming a base.
Next demand takes over.
For us - we review GBP AUD
we have a great one hour supply zone which was broken and retested as expected to grab and accumulate a few more orders.
we have a strong downward push candle which takes us 100pips further down - and continues to fall as bearish move is very strong - there is not a test at all by looking at the 30min wick.
From here price creates lower lows until a final push into the demand zone - and creates a rejection wick.
Price then begins to side line as buyers enter the market above the daily zone.
Now we see a final push of profit taking by the sellers - forming a base.
Next demand takes over.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.