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Note :
🟡 Supply zone
🔵 Demand zone
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Price is in uptrend channel. But dont forget the BIG trendline there.
Wait for the the breakout and retest OR engulfing candle for the confirmation.
Demand and Supply Zone. Useful zone in trading.
Tips :
1. Entry when only in the zone
2. Look for the confirmation candle / price action
3. Entry and care for your risk management.
4. Do not overtrade
Its look like diamond pattern. Wait for the price breakout any trendline and retest for a sell/buy.
Watch for the fakeout.
Minimum TP is the same size as the diamond pattern.
Wait for the price to break the trendline (resistance/support).
If the price break the support, SELL and put SL at the middle/top of the chart pattern.
If the price break the resistance, BUY and put SL at the middle/bottom of the chart pattern.
Look like double top pattern chart. And awesome oscillator show divergence.
High risk can sell now. SL at the top. For the low risk, wait for the price break the support and sell there.
