Entry Rules:
Demand Zone Buy:
Wait for price to return to a demand zone.
Look for bullish reversal candlestick patterns (e.g., hammer, engulfing).
Enter long with a stop-loss below the zone.
Supply Zone Sell:
Wait for price to return to a supply zone.
Look for bearish reversal candlestick patterns (e.g., shooting star, bearish engulfing).
Enter short with a stop-loss above the zone.
Exit Rules:
Take profit at the next key supply/demand zone or using a risk-reward ratio (1:2 or 1:3).
Trail stop-loss if price moves favorably.
Demand Zone Buy:
Wait for price to return to a demand zone.
Look for bullish reversal candlestick patterns (e.g., hammer, engulfing).
Enter long with a stop-loss below the zone.
Supply Zone Sell:
Wait for price to return to a supply zone.
Look for bearish reversal candlestick patterns (e.g., shooting star, bearish engulfing).
Enter short with a stop-loss above the zone.
Exit Rules:
Take profit at the next key supply/demand zone or using a risk-reward ratio (1:2 or 1:3).
Trail stop-loss if price moves favorably.
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.
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.