Planned 2 trades to go short on GBPCAD.
- First one is on H1 speedbump supply after last week low (red beads on my charts) has been solidly broken with momentum
- The second one is a H4 short which has been drilled down to the H1 chart for a lower risk entry. Why? I switched to the H1 chart and saw level on top of level on H1, in this sceneario I always try to go for the upper zone of supply.
The D1 demand is further down. So there is enough room for a nice risk reward.
- First one is on H1 speedbump supply after last week low (red beads on my charts) has been solidly broken with momentum
- The second one is a H4 short which has been drilled down to the H1 chart for a lower risk entry. Why? I switched to the H1 chart and saw level on top of level on H1, in this sceneario I always try to go for the upper zone of supply.
The D1 demand is further down. So there is enough room for a nice risk reward.
Set and Forget supply and demand trading community