SHORT - NZDCAD (D H4) (27 May 2023)
Swing Trade/s - NZDCAD
In the Weekly Chart,
- Weekly Supply is in control and high in the Curve
Hence, we look for SHORT trades in the Daily and H4 charts
In the Daily Chart,
- Find all valid Daily supply zones to enter trade/s
- For smaller risks, locate valid H4 supply zones to sell from
However, if price breaks Daily Demand zone (that is close to ORIGIN), then we will find and sell from all valid supply zones in the Daily and H4 zones.
1x Daily and 2x H4 pending buy limit orders are placed on 27 May 2023
In the Weekly Chart,
- Weekly Supply is in control and high in the Curve
Hence, we look for SHORT trades in the Daily and H4 charts
In the Daily Chart,
- Find all valid Daily supply zones to enter trade/s
- For smaller risks, locate valid H4 supply zones to sell from
However, if price breaks Daily Demand zone (that is close to ORIGIN), then we will find and sell from all valid supply zones in the Daily and H4 zones.
1x Daily and 2x H4 pending buy limit orders are placed on 27 May 2023
Nota
Price broke D1 Demand zoneHowever, the clean zones are still within the H4 zones marked out earlier in this analysis.
Look how messy the H4 candles are after breaking the H4 demand zone
Nota
Nota
We will wait for the D1 and H4 pending SELL limit orders to be triggered.Nota
This analysis will be archived and a new analysis will be done.
Penafian
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