Anticipating a reveral of short-term trend.
I would like to see price manipulate the equal lows and asian Low (bottom white line) to tap into my Demand zone. Another confluence, is we have a point of control for volume profile at demand zone.
As you can see from a structrue standpoint, we've created some bullish pressure previously, although the HTF are still bearish, we have room for a retracement even if the market wants to continue lower.
Therefore I am anticipating a reveral of short-term trend to go bullish from the blue area if confirmation has been met.
Targetting imbalance towards previous HH.
I would like to see price manipulate the equal lows and asian Low (bottom white line) to tap into my Demand zone. Another confluence, is we have a point of control for volume profile at demand zone.
As you can see from a structrue standpoint, we've created some bullish pressure previously, although the HTF are still bearish, we have room for a retracement even if the market wants to continue lower.
Therefore I am anticipating a reveral of short-term trend to go bullish from the blue area if confirmation has been met.
Targetting imbalance towards previous HH.
Trade active
Entered in SL: 10 Pips, will be setting stop loss to break even shortly. Targeting risk and reward ratio being 1:5.Note
Moved stop loss to break even and took a partial. Nearly 1:5 in 28 minutes!
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.