Price is on demand zone after check Monthly profile we can see D shape profile that POC of this shape act as magnet i set target to POC of Monthly volume profile that may act as resistance
I use QML setup to entry this trade price is below 4H supply zone so price have sell pressure also if you see 1H time frame you can see drop base drop candle pattern this make this setup have higher probability to win this trade is very small stop loss for me hope this trade is profit
Weekly VWAP line show you that price go up sky rocket too fast On 1H time frame you will see that price dont have just 1 pullbacl now price is hit 4H and 1H demand zone i think price will take take a break to go back to value area high (VAH) also big player not buy when price is too expensive (price too far from VWAP line) so i expect some pullback or...
I use Smart money concept to make this entry as you can see price is now comeback to last green candle before price strongly break structure by SMC analysis this point is strong resistance also volume of up candle is decreased that mean this uptrend possibly weak
4H Chart structure seem to stop down trend by make HH 1H Supply zone is broke SNRC trade is used in this setup i hope 1H chart supply zone can become suport i set target at 4H Supply zone but i will use m15 timeframe to trail my profit after price move up over 40 pips
Now all TF 1D, 4H, 1H become confluently downtrend ,long wick SL hunt is shown also support 4H is seem to be broke so now we can consider this support to become resistance
ReEntry this 1st trade i that just close cause it too beautiful to ignore SNRC strategy make me decide to re-entry hope it good
Price is now sitting on 4H demand zone in this zone price use to be pushed to the hightest of this month at 10.27 USD anywhere i think big player can drag price down to hit stop-loss so i setup this trade RR just 1 : 1-1.2 with big stop-loss gap to make sure that we can avoid stop-loss hunting i place take profit point below POC of fixed volume profile (1...
Strong demand zone of 4H and 1H seem to be broken I use TF : M15 to trailing profit so no actual target RR more than 3 But i will lock profit after price hit 1st 100% profit