After the price action reaching the supply zone, and getting a rejection from sellers, we could expect a downward movement back to the demand zone. This consolidation within the channel allows the setup of a short order to capture the pair's forthcoming downtrend.
The order:
Type: sell-stop
S/L: 18 pips - R:R | 1:2 -
T/P: demand level
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The order:
Type: sell-stop
S/L: 18 pips - R:R | 1:2 -
T/P: demand level
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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