As the price rise up to the Compression and engulfed to it - yellow circle - the long scenario is possible.
The Compression area is a strong supply zone, as a consequence, if it engulfed then enter for long.
My suggestions:
1- if price pull back the first demand zone I will enter for long
2- if price engulf the first demand zone and pull back from the second one i will enter for long.
3- if cp engulfed i will enter from the first pull back
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The Compression area is a strong supply zone, as a consequence, if it engulfed then enter for long.
My suggestions:
1- if price pull back the first demand zone I will enter for long
2- if price engulf the first demand zone and pull back from the second one i will enter for long.
3- if cp engulfed i will enter from the first pull back
Support me by like and your comments.
Note
So, price reached the second target and I saved the profit and change the stop lost.approximately price rise up to 80% of the compression zone so i decide to take my profit and change the stop lost.
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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.