On this chart, we have the Supply Zone and Demand Zone. These are the levels I would like the price to react from for me to engage.
1. The Sell Setup
If the price touches the SZ (Supply Zone), I would look for a bearish candle reversal pattern within the zone and sell to the next DZ (Demand Zone).
2. The Buy Setup
If the Sell Setup plays out as expected, I would look to buy at the DZ (Demand Zone). I would look to ride the up move to the top resistance level at 36570 area. I will definitely be taking profit along the way especially at
36358 area.
Let's see how this plays out.
Good Luck
MatrixPip
1. The Sell Setup
If the price touches the SZ (Supply Zone), I would look for a bearish candle reversal pattern within the zone and sell to the next DZ (Demand Zone).
2. The Buy Setup
If the Sell Setup plays out as expected, I would look to buy at the DZ (Demand Zone). I would look to ride the up move to the top resistance level at 36570 area. I will definitely be taking profit along the way especially at
36358 area.
Let's see how this plays out.
Good Luck
MatrixPip
Trade closed: target reached:
The sell setup hits the target
The Buy setup hit first TP and the rest of the position stopped out at BE.
The Buy setup hit first TP and the rest of the position stopped out at BE.
