Hi Traders,
Nice area to watch for a long opportunity.
The price is entering the Daily demand zone, again with strong momentum to the downside attracting the price like a magnet (zone of high liquidity). The RSI is also in the oversold area.
Note also the confluence with the AB=CD move, the green box is my entry zone with my stop below the daily demand zone (big red box).
You can wait and add more confluence to increase the strengh of the positive expectancy of the trade (Double bottom + RSI divergence...). It all depend on your trading style.
Happy trading
Nice area to watch for a long opportunity.
The price is entering the Daily demand zone, again with strong momentum to the downside attracting the price like a magnet (zone of high liquidity). The RSI is also in the oversold area.
Note also the confluence with the AB=CD move, the green box is my entry zone with my stop below the daily demand zone (big red box).
You can wait and add more confluence to increase the strengh of the positive expectancy of the trade (Double bottom + RSI divergence...). It all depend on your trading style.
Happy trading