Thank you so much on this trading idea section 🙂 Its really helpful
by Gil B, February 1, 2021
by Gil Ben Hur February 1, 2021
Supply And Demand, Price Action, Fundamental
Cable is approaching by a compressed (consuming demand) to a Supply zone. At this level we find a fundamental and price action confluence, where the USD is devaluating by massive printing, and price action is perfect to expect a deep reaction to supply.
Although this supply is mid range, it also located at daily SR (support/resistance level).
Waiting for a confirmation price action as long the zone is not broken. A H1 or M15 Quasimodo pattern will allow shorting for a as low as to 1.28.
Pay attention for the fact this supply is already being tested in the past couple weeks. Wait for a intraday confirmation PA (price action) to get your shot in, and keep risk as low as possible.
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.
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