Zone: Demand Zone formed from daily trendline break
Stack: Weekly
Execution: 4h Star Pattern
Limit order. Low risk applied.***
Pros:
All confirmations aligned.
Price is in the key level zone.
On the lower end of the trendline channel.
Expecting a pull back.
Pip target is low. Making it easy to hit.
Cons:
Price is still in a clear down trend.
Pattern formed just at the edge of the zone.
Stack: Weekly
Execution: 4h Star Pattern
Limit order. Low risk applied.***
Pros:
All confirmations aligned.
Price is in the key level zone.
On the lower end of the trendline channel.
Expecting a pull back.
Pip target is low. Making it easy to hit.
Cons:
Price is still in a clear down trend.
Pattern formed just at the edge of the zone.
Trade active
Trade active
Trade Reached 1:2 quickly. Stop moved to BETrade closed: target reached
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.