If you like this idea, like it and follow me for more.
Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
I've marked out some key supply and demand (S&D) zones, as well as some key levels and a bearish channel. Personally, i think we'll see price react to the downside when it enters the monthly S&D zone as opposed to falling from the channel, but my SL will probably be above the channel just in case.
The first two pink zones below the blue one are my TPs, but i'll close out of most of my positions once price reaches the first one. I'll probably keep on position on in case it falls any further.
Updates to follow, follow me to see them.
Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
I've marked out some key supply and demand (S&D) zones, as well as some key levels and a bearish channel. Personally, i think we'll see price react to the downside when it enters the monthly S&D zone as opposed to falling from the channel, but my SL will probably be above the channel just in case.
The first two pink zones below the blue one are my TPs, but i'll close out of most of my positions once price reaches the first one. I'll probably keep on position on in case it falls any further.
Updates to follow, follow me to see them.
Note
Price has made it's way down to the weekly s&d zone
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.
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.