The market directional bias is the first assignment for every trader.
This forms the basis and purpose of your trading decision - buy or sell.
Right direction determines right destination of price movement.
How do you identify this market bias?
Very simple indeed. You will have to mark out most recent price's high
and low which is the price RANGE. This shows where an order is
flowing from. If it is Bearish Order Flow, that meas you want to see
market orders or liquidities flowing from Supply zone to the lowest
low (marked as "Targeted Low").
Conversely, if we identify a Bullish Order Flow, then we ought to see
an institutional market orders flowing from Demand zone to the
highest high of the structure.
This forms the basis and purpose of your trading decision - buy or sell.
Right direction determines right destination of price movement.
How do you identify this market bias?
Very simple indeed. You will have to mark out most recent price's high
and low which is the price RANGE. This shows where an order is
flowing from. If it is Bearish Order Flow, that meas you want to see
market orders or liquidities flowing from Supply zone to the lowest
low (marked as "Targeted Low").
Conversely, if we identify a Bullish Order Flow, then we ought to see
an institutional market orders flowing from Demand zone to the
highest high of the structure.
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.
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.