Price is dropping in the demand zone
The pair had already reached to demand zone as I mentioned in my previous post
Price has broken the down trend on the 1H frame but it is retracing down again with highly liquid candles
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Why would I get into the this trade?
For now I will not buy as the price is downward bias even though the trend is broken
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What is coming up?
I will wait for the price to move down even lower and once it creates a reversed head and shoulder or double bottom pattern (Inside the demand zone) I will buy accordingly with proper money management
Price has broken the down trend on the 1H frame but it is retracing down again with highly liquid candles
___________________________________________________
Why would I get into the this trade?
For now I will not buy as the price is downward bias even though the trend is broken
_______________________________________
What is coming up?
I will wait for the price to move down even lower and once it creates a reversed head and shoulder or double bottom pattern (Inside the demand zone) I will buy accordingly with proper money management
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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.
Related publications
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.