senario1: If Full body D candle closes below 132.00 look for selling opportunity in LTF until the support zone.
scenario 2: preferably price reach monthly/ weekly supply zone and look for PA (confirmation) to short.
LET THE PRICE ENTER THE SUPPLY ZONE, CONFLUENCE WITH MONTHLY S/R FLIP ZONE.
SETUP WILL BE INVALID IN PRICE CLOSE ABOVE SUPPLY ZONE.
AFTER TRENDLINE IS BREAK LOOK FOR FAVORITE PA PATTERN TO TRADE SHORT.
TRENDLINE RETEST, HEAD AND SHOULDER, ANIMAL PATTERN(BAT, RAT, GARTLEY, BUTTERLY etc etc) NORMALLY I DON'T TRADE HORMONIC.
I WILL BE LOOKING FOR 1 HOUR SUPPLY
price approaching the weekly supply zone. limit entry at 0.6595. aggressive entry
conservative entry: look for confirmation when the price reaches 0.6525(weekly zone), at the lower time frame
if price breaks above 1.2480 4H zone , look for buy setup, targeting week supply zone 1.2800.
If price breaks below 4H zone 1.2138 look for sell setup, targeting daily zone 1.1700
Price broke weekly and daily SR and close above 3 days. Price coming back to SR flip and demand level.
Limit entry on .7205 conflunce of .618 fib, SR flip and Demand zone .SL .7124 below daily swing( conservative). if aggressive you can set SL below 4H swing low at .7170
