Prices are in an overall downtrend, with positions running towards the higher timeframe liquidity lows.
In this setup, we are trading the H2 timeframe, with a 15m supply zone for us to work with. Use a lower timeframe confirmation schematic to take sells.
Prices left behind a 2 demand areas for us to get involved.
No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities.
What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.
Potential Entries after the shift in structure
1. Look for engineering of LQs
before the BOS
2. Otherwise, look for engineering
of LQs after the BOS, potentially
confirming this refined area using
the seconds timeframe
Prices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with.
Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
Prices broke out of structure on the H4 timeframe, leaving behind a H1 demand area to get involved. Simply look for the confirmations on the LTF by means of wyckoff and S&D flips to buy into liquidity highs!