EURUSD trading plan + LEARN ABOUT BUYING ZONES
Notes on the buying zones
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the 3 buying zones are actually areas where we should expect the traders of our 3 timeframes to be affected. That is the logic behind their choosing
Area 1: Lower TF will be affected by this retracement. Price will go under their KS and people will start either getting out of their positions or joining in the selling
Area 2: The people on the current TF will be affected
Area 3: The people on the higher TF will be affected
By the time we cross the "CL" (critical Level), most of the traders we care about have either closed their positions or actually switched to a sell
-----------------------------------
the 3 buying zones are actually areas where we should expect the traders of our 3 timeframes to be affected. That is the logic behind their choosing
Area 1: Lower TF will be affected by this retracement. Price will go under their KS and people will start either getting out of their positions or joining in the selling
Area 2: The people on the current TF will be affected
Area 3: The people on the higher TF will be affected
By the time we cross the "CL" (critical Level), most of the traders we care about have either closed their positions or actually switched to a sell
Order cancelled:
Unfortunately we did not catch it
Fortunately we did not lose anything ;)
Fortunately we did not lose anything ;)
