Entry1:
Demand zone: 0.119 considering where the price stopped before.
The entry would be right beneath recent lows. Here, we probably have a lot of SLs, but it's also possible to have breakout shorts. A direct entry without some confirmations on LTF is riskier.
SL: right below the last doji.
TP: on a further away Supply zone that coincides with fib 0.5, or the middle of the range if we consider price action on HTF to be a range.
Entry2:
Demand on the wick of the last doji, also a support zone.
SL: beneath the support
TP: We can have this trade as an HTF play, still in the range. We're betting on a reversal on the H1TF.
Demand zone: 0.119 considering where the price stopped before.
The entry would be right beneath recent lows. Here, we probably have a lot of SLs, but it's also possible to have breakout shorts. A direct entry without some confirmations on LTF is riskier.
SL: right below the last doji.
TP: on a further away Supply zone that coincides with fib 0.5, or the middle of the range if we consider price action on HTF to be a range.
Entry2:
Demand on the wick of the last doji, also a support zone.
SL: beneath the support
TP: We can have this trade as an HTF play, still in the range. We're betting on a reversal on the H1TF.
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