Hi
if price backtests demand zone and appears bullish signal, could be bullish engulfing, morning star, hammer...so on
entry - demand zone when signal appears
SL - lower edge of demand zone which is given on chart
can set a bit more space for preventing fake move
TP - 20798
It's supposed to be an uptrend parallels channel but faces a bit of selling pressure, so TP at the point which meets the resistance line which is given on chart as well
all are just personal opinions, not investment advice!
any suggestions and feedback are welocme!
if price backtests demand zone and appears bullish signal, could be bullish engulfing, morning star, hammer...so on
entry - demand zone when signal appears
SL - lower edge of demand zone which is given on chart
can set a bit more space for preventing fake move
TP - 20798
It's supposed to be an uptrend parallels channel but faces a bit of selling pressure, so TP at the point which meets the resistance line which is given on chart as well
all are just personal opinions, not investment advice!
any suggestions and feedback are welocme!