I have been following this pair for 2 weeks straight and I happened to take trade on thi zone when it formed. And it looks like price is revisiting our impulsive area of interest
📈 TRADE SETUP
-If price holds onto this demand, BUY heavy until price reaches new highs or an unmitigated supply zone further up the trens. But why? Because our main trend is bullish. And after a perfect trend we usually see price take traders out by making 'supposedly' original zone for the valid one and fuel trend further.
-IF THIS FAILS. WAIT AND SEE WHAT HAPPENS AND TRADE WITH THE TREND. Price is in EQUILIBRIUM (50% Fibo)
I hope the terms I used were simple enough for all, especially SMC and ICT. I personally trade supply and demand, while applying liquidity concepts.
Please comment on this one!
📈 TRADE SETUP
-If price holds onto this demand, BUY heavy until price reaches new highs or an unmitigated supply zone further up the trens. But why? Because our main trend is bullish. And after a perfect trend we usually see price take traders out by making 'supposedly' original zone for the valid one and fuel trend further.
-IF THIS FAILS. WAIT AND SEE WHAT HAPPENS AND TRADE WITH THE TREND. Price is in EQUILIBRIUM (50% Fibo)
I hope the terms I used were simple enough for all, especially SMC and ICT. I personally trade supply and demand, while applying liquidity concepts.
Please comment on this one!
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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.