SUPPLY AND DEMAND / PARALLEL CHANNEL
Updated
In this analysis we are focusing on M30 time frame. Here we have parallel channel, which shows market internally structure was bullish. If market price come back and retrace the (2406 - 2400) key level zone than after confirmation we look for buy. And the target is set at 2430. If there is no retracement and market will directly move upside then we will wait, when market will touch our POI zone then we look for sell. let's delve deeper into these level and potential outcome.
KEY LEVEL OF POI ZONE: 2428 - 2432
RETRACEMENT AREA KEY LEVEL: 2406 - 2400
KEY LEVEL OF POI ZONE: 2428 - 2432
RETRACEMENT AREA KEY LEVEL: 2406 - 2400
Trade active
Trade closed: target reached
Level completed.Trade active
If market price reject this 2430 key level toward upside than we look for buy.If market price break below this 2430 key level downside than after confirmation we look for sell.
Trade active
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
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