Planning a short trade on USDJPY based on a H4 supply zone within a D1 supply area.
Are has proved there are willing sellers by forming a brand new H4 supply area, so I am taking it. I drilled it down to 30 pips, which matches a H1 supply level within that H4 supply.
I didn't want to lean the upper non-fresh H4 (green) supply area, because it was not an original level. Now D1 has been hit and a brand new H1 supply has been formed. Time to go for a short.
Are has proved there are willing sellers by forming a brand new H4 supply area, so I am taking it. I drilled it down to 30 pips, which matches a H1 supply level within that H4 supply.
I didn't want to lean the upper non-fresh H4 (green) supply area, because it was not an original level. Now D1 has been hit and a brand new H1 supply has been formed. Time to go for a short.
Set and Forget supply and demand trading community