Simple Zone to Zone trading.
Price broke 1hr/4hr Demand to the left and shortly after, pulled back to retest that zone, Creating a small 15min bearish engulfing off the (DistalLine) of the zone. THEN a 1hr bearish engulfing.... Yeh, ill take my chances with this short position. Stops above the distal line of the zone.
Now we can watch price potentially trade toward our opposing smaller timeframe zone, before pulling back to continue lower (Another Entry Opportunity) and making a new low, ALSO hitting our Fresh 4hr demand zone @ 0.98190.
Price broke 1hr/4hr Demand to the left and shortly after, pulled back to retest that zone, Creating a small 15min bearish engulfing off the (DistalLine) of the zone. THEN a 1hr bearish engulfing.... Yeh, ill take my chances with this short position. Stops above the distal line of the zone.
Now we can watch price potentially trade toward our opposing smaller timeframe zone, before pulling back to continue lower (Another Entry Opportunity) and making a new low, ALSO hitting our Fresh 4hr demand zone @ 0.98190.