Hello Traders,
I've marked a Liquidity Area[GREEN CIRCLE] and another Supply Zone on the chart. Here's what might happen next: after sweeping the liquidity, the price could touch the Supply Zone and then drop. Before acting on this, make sure you switch to either the 5-minute or 15-minute timeframe and clearly mark a Demand Zone there.
Wait patiently for the breakout. When the price breaks through that Demand Zone on the lower timeframe, set a pending order. Place your stop-loss at the recent swing high, and set your take profit at the next targeted Liquidity Level.
Many traders often wait for Fair Value Gaps (FVG), but this causes them to miss opportunities. Especially if you're struggling to pass trading challenges, give this method a try. Managing your risk carefully is the key to success.
Good luck and happy trading!
Thank you!
I've marked a Liquidity Area[GREEN CIRCLE] and another Supply Zone on the chart. Here's what might happen next: after sweeping the liquidity, the price could touch the Supply Zone and then drop. Before acting on this, make sure you switch to either the 5-minute or 15-minute timeframe and clearly mark a Demand Zone there.
Wait patiently for the breakout. When the price breaks through that Demand Zone on the lower timeframe, set a pending order. Place your stop-loss at the recent swing high, and set your take profit at the next targeted Liquidity Level.
Many traders often wait for Fair Value Gaps (FVG), but this causes them to miss opportunities. Especially if you're struggling to pass trading challenges, give this method a try. Managing your risk carefully is the key to success.
Good luck 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.