On the 4HR Timeframe, price has seen a lot of volume as it energetically moved to the downside. In doing so price has left behind an imbalance and order block in the demand zone.
We can see TLL being stacked up as price has been returning to the AOI. Using Fibonacci i have drawn out the premium area of demand where i will be entering the position.
I caught this trade but unfortunately forgot to post it before being tagged in. None the less i hope this is of value.
We can see TLL being stacked up as price has been returning to the AOI. Using Fibonacci i have drawn out the premium area of demand where i will be entering the position.
I caught this trade but unfortunately forgot to post it before being tagged in. None the less i hope this is of value.
Note
Currently floating around +70 pips so far!
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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.