Now the retest from Lower zone area is done. Now the rejection will be from upper zone area
Buy trade as ether rejected price from zone area in lower direction. And Bullish engulfing candle formed.
As price go up put sell trade at 0.618 fibb level. Otherwise if price break fibb level 1 put sell trade then
It can be seen that now btc will fall at neck line of head and shoulder pattern where we will take profit at 29300 and then after the break of neck line again put the sell trade after the retest from neck line which will be almost at 29500 (2nd sell Entry price). Then take profit almost at 21000. That's insane I know but it will happen
Open buy trades. Stop loss blow the zone area. Tp at 1980
Here is perfect zone distribution. If zone rejection then price may b bearish otherwise it follows the above pattern
Put sell with tp at upper line of zone area then after rejection from zone area open buy trade with stop loss below the zone area and tp at upper horizontal line.
According to these supply zones you can easily now predict the next action of market in bullish trend
There will be a breakout according to the zone and trend line drawn. Put the sell or buy at breakout of lower line of zone area or above trend line respectively
As in the figure there is a trap already present. Similarly now again be a trap for long trades. Solution is: if there's break of trend line then it will clear possible for bullish trend. Or if there's break of lower line of zone area then it might be bearish.
If there's break of lower line of zone area then it will be more bearish. If there's break of upper trend line of channel it will possibly bullish
It will fall to the next trendline if the first line will get break in the same direction