Flow Assessment
- Daily sell flow is down
- Sellers have built up positions on the H4 and penetrated lows in H1
Location Assessment
- Price is at a M15 retest level after H1 sellers cleared the recent low
- From the H4 perspective, there is space for the sell to perform until it reaches the next set of buyers (pink line in H4 picture above)
Momentum Assessment
- We checked to see that the break of the H1 low was not a stop-loss hunt by waiting for the M15 retest and failure to make an equal high
- Entry trigger activated after sellers showed interest to defend the M15 level
Entry Price – Sell 1.3271
Stop Loss – 1.3292
Take Profit – 1.3228
Risk to Reward – 1:2:05
Profit & Loss Per Standard Lot = -$157/ +$325
Profit & Loss Per Micro Lot = -$15.7/ +$32.5
Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.
iPhone Users: https://apps.apple.com/es/app/fasignals/id1521281368
Andriod Users: https://play.google.com/store/apps/details?id=academy.forex.thesignal&hl=en_US