Abbotindia standing in the support zone if we see a pullback from the support zone then we are interested to take on trade from here.
why support zone?
we know that previous support work as support according to price action theory and high volume area also act as support when price come back to that zone and we add one more thing called average price, average price of some important event also work as support and resistance.
here,
we get conjunction of all these things. that is why we assume this zone can act as support. we add more things just for extra edge.
Trading setup = Conjunction of ( Volume profile + Price action + Avarage price )
when pullback from the zone then we take long trade until waiting...............................................................
thank you for your time
why support zone?
we know that previous support work as support according to price action theory and high volume area also act as support when price come back to that zone and we add one more thing called average price, average price of some important event also work as support and resistance.
here,
we get conjunction of all these things. that is why we assume this zone can act as support. we add more things just for extra edge.
Trading setup = Conjunction of ( Volume profile + Price action + Avarage price )
when pullback from the zone then we take long trade until waiting...............................................................
thank you for your time