Week 1
Updated
Bullish HTF double bottom
However most demand/swap levels below seem to have been tested at least once each.
Plan A: Short from swap zone down (higher risk)
Plan B: Short from 2nd swap zone down (lower risk)
Target: Test of demand zone, which is potential TP1, but likely to break and test lower zones due to it being tested twice.
However most demand/swap levels below seem to have been tested at least once each.
Plan A: Short from swap zone down (higher risk)
Plan B: Short from 2nd swap zone down (lower risk)
Target: Test of demand zone, which is potential TP1, but likely to break and test lower zones due to it being tested twice.
Note
Blew through first plan. Would not have taken this trade as the price has not stayed away from zone long enough. Would be trading against a V bottomTrade closed: stop reached
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.