Category: Target hit

Revisiting supply after a long time. Selling NZDCAD

Price is slightly uptrending, on higher timeframe D1 it is a downtrend. The supply zone looks very solid, strong departure, took out previous demand zones and is fresh (this is the first retrace). Because H4 and D1 trends are not aligned, I just go for a quick move before confirming the trendline.


USDJPY at daily supply, Limit Order triggered

The trend seems to be stable, the drop off from the marked suppy was very strong. Although I do not like the slow arrival, I risked some to enter this trade. (more…)

GBPAUD sold at daily supply

Priced turned at monthly demand zone and rallied retraced back to the area where the imbalance started. Because of the steep arrival I decided to place a limit order, which was triggered. (more…)

GBPCHF Sold at Supply

This looks like a good setup, the supply zone is fresh, first retrace after one month and nice and fast arrival. A fast arrival means usually a fast departure, statistically viewed. I placed a limit sell order at 1.4900 with a stop at 1.4935. Lets see how it develops. (more…)

Buying AUDUSD at H4 Demand, but in Higher Timeframe Downtrend

Found this trend on H4 AUDUSD chart and looked to find an entry. The little demand zone was a sweet spot to continue the trend. I placed my limit order (i only use limit orders) at 0.7140 with a stop loss 30 pips below. The screenshot was taken right after triggering my order. (more…)

Selling USDJPY at H4 Supply, potential 3R profit

I found this opportunity on the USDJPY H4 timeframe. After the huge fall this market is now in a consolidation phase, whose range is about 300 pips. The marked supply zone is 50 pips wide, the next probable target at 50% of the engulfing bullish bar. This is where i will be looking to exit. (more…)