Hello guys got a trade idea for the next week ahead.
Price has been in a downtrend for some time due to price hitting major supply zone which in return created LH/LL.
Price has than created liquidity zones which got taken out and provided liquidity to the upside which broke the recent high creating a CHOCH (change of character) thus creating a new 2hr demand zone (blue)
Waiting on price to come back to preferably the 5min demand zone listed in yellow or the 2hr zone and create another BOS (break of structure) for entry. It just depends on what opportunity the market gives us.
Price has been in a downtrend for some time due to price hitting major supply zone which in return created LH/LL.
Price has than created liquidity zones which got taken out and provided liquidity to the upside which broke the recent high creating a CHOCH (change of character) thus creating a new 2hr demand zone (blue)
Waiting on price to come back to preferably the 5min demand zone listed in yellow or the 2hr zone and create another BOS (break of structure) for entry. It just depends on what opportunity the market gives us.
Note
This is the 4hr chart for context
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.