10,000 Ft View – 4 Hr Chart
There are a couple of things I like about this trade set-up. The 4 hr supply zone at 1.52000 is nestled between two daily supply zones. A zone on zone is called a level on level and very powerful the higher the time frame. The other thing I like about the set-up was the price arrival…very fast which is actually an odds enhancer.
However, I was stopped out of the trade several hours later by one tick. This is starting to become a common theme. I will considering using 2% of the daily ATR as stop loss buffer in the future.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.