We can see price has previously respected our demand zone each time it has entered (outlined with red circles)
I will be looking to enter once it leaves the demand zone. The first take profit is the "consolidation zone" found in between the supply and demand zone.
(Price usually hesitates around this zone. We always watch price when it reaches this zone to see if it will continue through the hesistation or if price will turn around at this zone for a re-entry.)
From the demand zone to "consolidation zone" is 50 pips. If we are able to get the full move from demand to supply, we will win 145 pips.
When trading Supply and demand, don't be greedy. Once price enters the zone, enter or close (whichever applies). DO NOT MAKE AN ENTRY INSIDE THE ZONE: WAIT UNTIL PRICE LEAVES THE ZONE) This is how we avoid fakeouts.
I will be looking to enter once it leaves the demand zone. The first take profit is the "consolidation zone" found in between the supply and demand zone.
(Price usually hesitates around this zone. We always watch price when it reaches this zone to see if it will continue through the hesistation or if price will turn around at this zone for a re-entry.)
From the demand zone to "consolidation zone" is 50 pips. If we are able to get the full move from demand to supply, we will win 145 pips.
When trading Supply and demand, don't be greedy. Once price enters the zone, enter or close (whichever applies). DO NOT MAKE AN ENTRY INSIDE THE ZONE: WAIT UNTIL PRICE LEAVES THE ZONE) This is how we avoid fakeouts.