After conducting a top down analysis, I will be looking to go long around the Daily Demand Zone of $1.50 - $1.30 zone but could potentially look for a better entry on the lower TF (5M-15M). In addition to this being a Daily Demand Zone, it also lines up with the Weekly Fib 61.8% level. TP 1 will be taken around the Daily Supply Zone (I will monitor closely) between $3.20 - $3.43. TP 2 will be $5.00.
I am looking for feedback in my analysis as I am new to trading. Any suggestions/tweaks appreciated.
I am looking for feedback in my analysis as I am new to trading. Any suggestions/tweaks appreciated.
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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.