new dz created, suspect price to drop and rally for a short while for a quick trade on the 1h, closing on discretion as market unfolds
due to price hitting bottom of bollinger band, i suspect it will eventually reach hourly supply for a few quick pips. a hourly scalp trade.
Expect price to dip to weekly/daily demand zones and rally upwards for a possible swing trade
expect price to rally up on a pullback due to price being soon to reach demand in daily and monthly zones
expecting pullback into supplyzone for price to rally upwards
new weekly supply zone, expect price to come into then pullback due to upward momentum(TDA).
see downward momentum and new supply zones being created.
started with top down analysis to see current trend momentum for short term 1h-4h trade.
see a possible buy opportunity within monthly supply have reason to believe price will retest at my buy limit price, to reach my target at a good risk to reward ratio
See possible buy opportunity as I have bias to believe price will first hit 1H demand zone, then eventually rally up towards 3 SSMA.
possible quick short due to supply being formed additional reason downward momentum
downward momentum possible short opportunity, paper trade in order to polish my strategy
speculate that price will reach multiple supply zones then bounce back downwards resulting in multiple short opportunities reasons: downward momentum, price reaching supply
brief trade opportunity on 4HR - speculate that this current falling knife will bounce back up as demand increases to reach supply
believe price has broken downward momentum briefly for a quick buy opportunity on 4HR timeframe and less at market.
price exceeding supply basis for long
Downward momentum low risk trade as supply exceeds demand. Sell Limit at 1.31259 -> 1.30798