Trading in the direction of the HTF zone in control, D1 demand, so it's important to keep in mind that we're only allow to buy EJ. On H4, price has just been rejected from a supply and we'll be waiting for price to move down to the H4 demand where we'll find opportunities to enter. We'll be watching how price will react if the price really make it near and to the zone. Confirmation reassures that we'll have more percentage of wining this trade and so we'll look for that in the LTF from 15m-5m. Change of charactor (CHoCH)+Break of structure (BoS), QML. This trade will give us not less than a 1-3RR in the case that confirmation is within the 4H demand zone. Trade management, TP will be targeting last week's high. We'll move our SL to breakeven(+commission, spread) when price is near SSR zone. For profit trailing, we can move our SL placing at the latest LTF tested demand zone when price is advancing to our TP. This is NOT a signal but an idea. Thanks.
Comment:
This set up is cancelled. price has made a HL. If price is to come to this set up, momentum would shift to downward, clearing recent HL/demands. sells would be more preferred.