Even tho price action broke structure and currently in an uptrend, I'm looking a counter trend trade. A bounce off the daily demand zone weather there was some nice strong reaction.
The original push away was not hot but then gained momentum. Still at a daily supply area though which was refined on the 4hr. I think this area provides decent opportunity.
Constructive criticism is welcomed.
I'm looking for a bounce off some fresh Demand too a reasonable target. R:R is good and the reaction from this level previously was explosive, taking out some previous Supply zones and accomplishing a nice medium term NSH.
Pretty self explanatory. Learning to trade Supply and Demand zones. This particular Zone is not near the origin of the move but has a nice reaction from it so I'm hoping to get a nice bounce from here. Stops are a little wide, making R:R not very pleasing..... Criticism is welcomed.