Price retest from the Hourly Demand Zone Gap up, Upside Potential. Buy and Hold 4 Hour and Daily Looks Bullish
Entered Long Alert from our Indicator in the hourly Demand zone in confluence with Daily Demand Zone. Currently running in 3000$+ Profits. Moved the stop loss below newly formed Demand zone and let the profits run risk free. Potential target will be Opposing supply Zone.
Price tested the 1 hour time frame demand zone (Potential Areas of Buyers Liquidity). 1 hour candle close engulfing the previous candle confirmation towards Long Bias. Target profit achieved with 3:1 Reward to Risk.
1. Retest from Demand Zone area of Buying Pressure 2. Confluence with 61.8 Fib Retracement 3. Previous Resistance before current Support 4. Bullish Engulfing, Reversing Candlestick Pattern.
TradingWise Supply and Demand Indicator is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the...
Multiple Timeframe Analysis: Price in 4 hour time frame in Uptrend. Pull back in the 1 hour (Lower Time Frame) to the area of potential Buyers. Probability for long with 3:1 Reward to Risk
Few words from *Trading the Zone* combined with my little input that I felt worth sharing. Here we go! We know that *Fear and Euphoria* are two big obstacles when it comes to consistency in Trading. Either it stops us from entering the trade or may results in premature entry. Why we get trapped by these feelings? Let’s me explain for fear since Euphoria is just...