On the daily chart, we can see a bearish movement, so I waited until the price reached the premium zone (box on the left "start sell") to start selling.
On the hourly chart, I expected to see clear two structure breaks (BoS). After that I've marked 1H sell zone.
I will try to do long till sell zone. We have bullish BoS from yesterday, so I'm looking for buys today-tomorrow.
Then I noticed that we have liquidity line that's why I will do buy from extreme buy zone.
I also build Fibonacci extension to see key levels (potential reverse levels).
So as you can see I will do two entries:
1. from extreme buy zone;
2. from 200% Fibonacci extension level.
But! Will enter with lower timeframe conformation (15m or 5 min BoS).
Let's hit the road!
On the hourly chart, I expected to see clear two structure breaks (BoS). After that I've marked 1H sell zone.
I will try to do long till sell zone. We have bullish BoS from yesterday, so I'm looking for buys today-tomorrow.
Then I noticed that we have liquidity line that's why I will do buy from extreme buy zone.
I also build Fibonacci extension to see key levels (potential reverse levels).
So as you can see I will do two entries:
1. from extreme buy zone;
2. from 200% Fibonacci extension level.
But! Will enter with lower timeframe conformation (15m or 5 min BoS).
Let's hit the road!