EUR/USD 30M - As you can see I am wanting price to trade us down and into the Demand Zone I have marked out for us below. In doing so I am expecting Demand to be introduced and for Supply to be removed.
Due to this happening we can expect a reversal in price, this is because the Demand will begin to outweigh the Supply in the market and we should see price begin appreciating, giving us the opportunity to buy into the next impulsive wave.
We get confirmation of this by waiting for price to trade down and into this area, once it has and the change in hands has taken place, we will expect an influx in value and we should see a relevant protected high break. This gives us the confirmation we need.
Once we have that its then a case of waiting for price to trade us back down initially giving us the opportunity to get involved in this market with a more refined entry, allowing a better risk to reward ratio on the trade we place.
Due to this happening we can expect a reversal in price, this is because the Demand will begin to outweigh the Supply in the market and we should see price begin appreciating, giving us the opportunity to buy into the next impulsive wave.
We get confirmation of this by waiting for price to trade down and into this area, once it has and the change in hands has taken place, we will expect an influx in value and we should see a relevant protected high break. This gives us the confirmation we need.
Once we have that its then a case of waiting for price to trade us back down initially giving us the opportunity to get involved in this market with a more refined entry, allowing a better risk to reward ratio on the trade we place.
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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.
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.