looking at the chart there is an untapped supply zone which also falls exactly on the FIB OTE AND might act as a continuation trigger for the price downside, target will also be the previous week low. so lets see if this will play out.
NOTE: no limit order, what we do is watch how the candle react on getting to the zone, look for a pin bar rejection candle ( CRT) and enter on the next candle or wait for a bearish engulfing all on the 1H time frame.
NOTE: no limit order, what we do is watch how the candle react on getting to the zone, look for a pin bar rejection candle ( CRT) and enter on the next candle or wait for a bearish engulfing all on the 1H time frame.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.