1) Candle D1 on friday closed showing rejection of demand zone
2) Trendline marked shadow-to-shadow to lower trade risk
3) BBMA showing extreme, where candle and MA closed out of the bollinger band
My strategy
- Wait for price incline to nearest supply zone and wait for rejection in the zone. That is our sell zone with Stop Loss 20-30pips higher than highest supply zone price.
- High probability to test the trendline & wait for rejection.
- if price break the trendline, wait the price to retest and go as reentry.
2) Trendline marked shadow-to-shadow to lower trade risk
3) BBMA showing extreme, where candle and MA closed out of the bollinger band
My strategy
- Wait for price incline to nearest supply zone and wait for rejection in the zone. That is our sell zone with Stop Loss 20-30pips higher than highest supply zone price.
- High probability to test the trendline & wait for rejection.
- if price break the trendline, wait the price to retest and go as reentry.