on the 30 minutes timeframe price created a demand.....
that zone is a discount for a buy
but to enter this trade you need to allow price back anywhere around that zone and check for demand formation on 15 minutes timeframe
but if you are the busy type...you can set a buy limit order from the first line in the zone....stoploss is 50 pips....but the advantage of this trade is that you can easily cut loss if any bearish candle breaks the zone on same 30 minutes timeframe .....it should break and close below the zone....if its a wick then the buy is valid
let's discuss what do you think about the coming week
that zone is a discount for a buy
but to enter this trade you need to allow price back anywhere around that zone and check for demand formation on 15 minutes timeframe
but if you are the busy type...you can set a buy limit order from the first line in the zone....stoploss is 50 pips....but the advantage of this trade is that you can easily cut loss if any bearish candle breaks the zone on same 30 minutes timeframe .....it should break and close below the zone....if its a wick then the buy is valid
let's discuss what do you think about the coming week
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Here is a visual explanation of this setup on my youtube channel... please like and subscribe... i will in the nearest future drop more analysis
youtu.be/TttwPb98AAg
youtu.be/TttwPb98AAg