as D-time we can see there's a demand zone with 618 not far below
potential long oppty.
maybe someone will argue "why long in an down-trend?"
well~~just I like it~~~for the truth is: if price coming into this zone,
who will still open sell order after a huge decline ?
who will still open sell order into a demand zone plus 618 level ?
so , I am not sure "must" win this order but I now the potential RR here is good,that's the right decision we need to make!
potential long oppty.
maybe someone will argue "why long in an down-trend?"
well~~just I like it~~~for the truth is: if price coming into this zone,
who will still open sell order after a huge decline ?
who will still open sell order into a demand zone plus 618 level ?
so , I am not sure "must" win this order but I now the potential RR here is good,that's the right decision we need to make!
Order cancelled
the price action:insidebar up breaking,order cancle
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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.