1hour demand - grey zone is for entry if any rejection is noticed - entry can be taken on the 15min chart for higher risk to reward - if price closes in red zone setup will be invalidated
This idea is based on my understanding of order flow. A significant rally allowed me to define a demand zone where open buy orders are left over (blue zone). If the price moves down to our demand zone, we can expect a bouncek as there are still open buy orders in the zone that are now triggered. I am looking for my target on the last supply zone which is...
Hi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit at horizontal, diagonal & dynamic support/resistance areas) -...