Wait For The Pattern In The Supply Zone
Price has jumped from the demand zone since the lowest point in September at around 1.03000s
I see that if the price reaches the (supply zone 1) and a head & shoulder or double top pattern is created then we should wait for the neck line to be broken to look for selling opportunity.
Price may continue higher and reach the (Supply Zone 2) or even slightly bellow it or above it, the main goal is to look for a head & shoulder pattern in that area and wait for the neck line to be broken.
In both scenarios If the neck line is broken we should wait for a retest and sell order with (1:1) ratio as a first target
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
I see that if the price reaches the (supply zone 1) and a head & shoulder or double top pattern is created then we should wait for the neck line to be broken to look for selling opportunity.
Price may continue higher and reach the (Supply Zone 2) or even slightly bellow it or above it, the main goal is to look for a head & shoulder pattern in that area and wait for the neck line to be broken.
In both scenarios If the neck line is broken we should wait for a retest and sell order with (1:1) ratio as a first target
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES