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EURAUD working off 1h supply

by Jesse H, March 22, 2021

EUR/AUD M15 SD

by Jesse March 22, 2021

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EUR/AUD

|

Short

|

M15

Timeframe:

M15

Analysis Method:

SD

Analysis:

Strong 1hr supply lines up with 15m so looking for a good reaction.

Trade Plan:

sell limit order, strength of supply is high so taking 1st touch. If there is a deeper push into zone, look for rotations to add on.

Risk Management:

1:1 and 1:2 multiple, reducing risk if visible failure of reaction at area.

Things To Watch For:

Real time risk management so watch how price interacts with your sell line.

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  1. Noticed it`s going against the htf compression move which might push price up from htf demand so a little trickly, but not long term trade for me.

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