Multi-Timeframe Trading Strategy: 3 Entries, One Direction #trading #SMC #ICT

AI-generated source summary

The EURUSD is in a clear weekly and daily downtrend, marked by lower highs and lower lows. The price has completed a single impulsive move down and is currently consolidating in a small range, leaving a daily supply zone at the top and a daily demand zone at the bottom. The short-term analysis on the 1-hour and 15-minute charts confirms the bearish sentiment. A sell limit order was placed at the middle of the Fair Value Gap (FVG) within the daily supply zone, with the stop loss placed above the last higher high. The target was set at the daily demand zone, achieving a 1:3.2 Risk/Reward ratio. A second trade was initiated after a change of character on the 1-hour chart, targeting the daily demand zone with a 1:2.4 R/R. A third trade on the 15-minute chart, from the 1-hour order block, also aimed for the daily demand zone, yielding a 1:3 R/R. The key takeaway is to avoid trying to catch the bottom in a strong downtrend and focus on selling from premium zones after confirmation.

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