PRICE WITHIN DEMAND ZONE AND 200 EMA DAILY CHART. RSI OVERSOLD.
PRICE TOUCHED DEMAND ZONE AND ABOVE 200 EMA ON 4 HOURS CHART. RSI OVERSOLD.
15 MINUTES TIME FRAME. CONSOLIDATION: 200 EMA AND PRICE HORIZONTAL TREND. WAIT FOR BREAK OF STRUCTURE AND RETEST (1 OR 5 MINUTES TIME FRAME) IF BUYING PUT STOP LOSS BELOW 200EMA AND ABOVE IF SELLING.
4 HOURS TIME FRAME. BROKE STRUCTURE AND RETESTED
1 Hour time frame RSI oversold and formed lower high. Break of structure.
1 HOUR TIME FRAME. RSI: LOWER HIGH.
1 Hour time frame, RSI formed lower high. Break of structure.
1 Hour time frame. RSI: Higher low.
Price and daily 200 EMA moved in a horizontal trend. Then price broke structure and used 200 EMA as support. Use smaller timeframe and wait for retest to enter and avoid false breakout.
1. Price created lower low and RSI higher low (tight divergence - oversold). 2. Reversed on demand zone with candlestick pattern. 3. Broke down trend structure with retest as confirmation. 4. Price went above 200 EMA and used it as support.