Double Bottom Strategy: wait for price to break 50ema, then form a low price will then pullback forming a neckline. If price has formed a wick on the first low, draw a box from the wick to the body of the candles. Entry at candle breaking the neckline. Using the Atr we can measure the size of the candle that breaks and closes above the neckline and we add that...
Trend trading with levels of support and resistance. Also, have a 4hr demand zone and price has retested demand for support multiple times.
I made use of support and resistance levels, also looked at the trend and chart patterns.
Making use of the 4hr timeframe i was able to draw up a strong level of resistance and a level of support to place successful trades.
With the use of supply and demand zones on daily I can draw a support and resistance level where price moves from and to.
Daily timeframe supply and demand zones set up. With the help of market structure and market trend.
Using S/R levels and candle formation plus market trend and structure.
Making use of supply and demand zones on the 30min plus chart patterns gave me the confidence to take this trade.
1hr supply and demand zones help to identify aggressive price movement. With the help of the Fibonacci, I confirmed that the 50% level is a strong level of support and resistance. I used the trendline to keep up to date that price follows the one 1h downtrend movement.
A little bit of supply, a little bit of demand and a little bit of candle formation gives us a pleasing but deceitful trend and direction. Patience is key.
Making use of trendlines, support and resistance, candle formation, candle patterns, and EMA.
A retracement in action!!!! I was able to to catch a retracement on the lower time frames, hence I've waited for price to bounce of my 1h demand and my trendline, retest my supply zone and once it broke my supply it tested for support and bounced off my 4h supply which became my new demand zone.