Hello Trader,
As you can see, the market is currently moving to the downside, approaching a clearly identified Demand Zone. Remember, as I always emphasize: no liquidity, no valid zone. Therefore, I've also marked liquidity levels located just above this Demand Zone, along with a suggested safe Stop Loss (SL) placement. However, please keep in mind that no level is truly "safe" in trading, which is precisely why we always use stop losses and actively manage risk on every trade.
Additionally, I've highlighted two potential Take Profit (TP) areas: one where you might consider closing your trade early for safety, and another where you could hold your position if price action continues to move favorably.
As always, avoid greed, prioritize risk management, and trade responsibly.
Wishing you all the best and happy trading!
Thank you.
As you can see, the market is currently moving to the downside, approaching a clearly identified Demand Zone. Remember, as I always emphasize: no liquidity, no valid zone. Therefore, I've also marked liquidity levels located just above this Demand Zone, along with a suggested safe Stop Loss (SL) placement. However, please keep in mind that no level is truly "safe" in trading, which is precisely why we always use stop losses and actively manage risk on every trade.
Additionally, I've highlighted two potential Take Profit (TP) areas: one where you might consider closing your trade early for safety, and another where you could hold your position if price action continues to move favorably.
As always, avoid greed, prioritize risk management, and trade responsibly.
Wishing you all the best and happy trading!
Thank you.
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.