EURUSD 15M SUPPLY ZONE

5 בפבר׳ 2021

You see that long wick upon entry of the supply zone I setup. That tells me there are a significant amount of sellers at that price. If price comes back up to the level I will stay no matter what and it will be a good idea for anyone to get in at that entry price as well. Price barely touched the supply zone. I am interested in adding to my position if price comes back. But be warned: it is rallying from a demand zone on the Daily chart (green section below), which is my target to get out and a possible chance for a 3:1 RR.