Waiting for a breakout towards Demand/Supply
here's my analysis of GC1, as you can see I've marked my Supply and Demand area where price will react to, and previously the market was in a downtrend and CHoC occurred which formed our HH and HL, and between these we have our small range which indicates that neither the Bulls or Bears are in control. My analysis shows that its best to wait for a breakout on the Highest High or on the Highest low then we can enter our trades, the price can breakout either way so it's best to wait, TP will either be Demand/Supply area, use H1 for candlestick confirmation
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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.