We are in the process of a retest of the Supply and Demand Zone. So my two Ideas
1. If retest is successful I will wait for 3 bullish continuation candle before taking a long.
2. If retest is unsuccessful, we might break below the descending tend line. Then I will wait for a BCR of this level followed by 3 bearish candles before taking a short.
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. The might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
1. If retest is successful I will wait for 3 bullish continuation candle before taking a long.
2. If retest is unsuccessful, we might break below the descending tend line. Then I will wait for a BCR of this level followed by 3 bearish candles before taking a short.
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. The might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.