Price is following a supply chain, so its a bearish trend. Opening a demand trade on the Higher Timeframe without confirmation could be risky. Trade could easily breake through that deman zone,and keep going in the bearish direction. Taking a confirmation entry Choch or Flip en tese schenarios could save you from unnecessary losses
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.