In 15 mins timeframe market view is bullish. It did BOS (Break of Structure) as its breaks previous swing high and then took inducement (24260) in the same time frame. According to chart, high point is 24450 and low point is 23853 as per 15 mins swing. So, we will look for buying opportunity here. If market comes down till 23990 to 24050 area (demand zone) then that will be the best buying opportunity.
But if market makes CHoCH or flip in lower time frame (2min or 1 min) before the demand zone, in that case you can also make a entry for buying.
Most importantly, in these both cases there should be CHoCH or Flip in lower timeframe.
But if market makes CHoCH or flip in lower time frame (2min or 1 min) before the demand zone, in that case you can also make a entry for buying.
Most importantly, in these both cases there should be CHoCH or Flip in lower timeframe.
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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.