Managed to Stay in Initial Trade. Will pair continue to Short and Trigger Trade 2 and 3 !
Active Trade Triggered When price returned to the Zone. Triggered a short sale setup. 1:9 RR
Return to Zone to hopefully trigger Short for a 1:20 RR
Here you want to look for Swing Highs or Lows to catch a trend reversal. The bullish engulfing candle is the Key at these areas. It will setup the Supply or Demand Zone Area.
I use this strategy as a method to enter trades on trending pairs. Works really well if you can manage your stop loss properly. You will though be in trades for longer periods of time. Kind of good if you dont have the time to be on the charts all day lol.. I do have a day job that is not trading :)
Potention Downtrend on the Daily Chart - Forms the usual M pattern and the Right LEG will be the Trend downward.
Possible W Pattern in the Making : Right Side of the W would produce an uptrend
After sideways consolidatio, probable downtrend on the daily