Symbol: CHFJPY
Higher Time Frame (HTF): Daily
Entry Time Frame (ETF): 30-minutes
Strategy: 30-minute supply at HTF PBL
Status: Closed
R: 2.1
Before
Price was moving very quickly up to a daily supply zone. I wanted to sell up there in anticipation of a pullback, as price rebalances. This was the premise for this trade.
Narrative
My limit order was hit while I was a sleep. I normally don’t leave much on the table and often only put alerts. I cleared my order book yesterday and left a couple of orders in, one off which was this. Price remained in the area for an hour or so and then started to move away.
Emotions
None.
Management
Reduced risk by 70%.
The trade was working quite well after a slow progression lower, price started moving a little quicker.
Notes
None.
Illustration
