Tag: supply zone

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…)

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…)