hey traders
as u can see, our last move hit the target
we touched the demand zone and price rejected with a shadow
also price playing at descending parallel channel
if the mid-line of this channel keeps the price, theres a high chance for a pump in lower TF to the upper Demand Zone
that was our previous support area and price broke it down, so we can take it as a potential Swap area and working as resistance area in next touches
it dosent mean were bullish here, this pump can b good after confirmation for scalp trades, and short at the supply zone will b the next mid-term move
there will b an update if we get there
share ur though and leave a comment
as u can see, our last move hit the target
we touched the demand zone and price rejected with a shadow
also price playing at descending parallel channel
if the mid-line of this channel keeps the price, theres a high chance for a pump in lower TF to the upper Demand Zone
that was our previous support area and price broke it down, so we can take it as a potential Swap area and working as resistance area in next touches
it dosent mean were bullish here, this pump can b good after confirmation for scalp trades, and short at the supply zone will b the next mid-term move
there will b an update if we get there
share ur though and leave a comment
Note
lets see can we break up the channel or whatNote
Note
SL +5Potential dump 4 market
Trade closed: target reached
touched the target
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.