Tag: sell

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…)



Sold EURUSD at supply zone on the daily

The supply zone on the daily was actually not bad, but my “wiggle room” was too small. I often see, that price breaks through distal line (SL + buffer) just hitting 50% of an engulfing bar, which formed here right after creating the supply zone above (see sell limit). (more…)