10,000 Foot View - 4 Hr Chart
Zooming In
What I like about the zone is price left the zone, pulled back and barely penetrated the zone (green circle), then dropped more than 200 pips from the zone, denoting sellers right above. The white rectangle represents filled orders and if the trades works outs, price should be able to get to at least the orange arrow.
Price then returned and approached the zone very quickly. I happened to be in front of the computer, so I watched the price action before entering the trade. I was specifically looking for price to break down on 1 min chart. Once price formed a "M" pattern, I entered when price pulled back to a 1 min supply zone.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
Being someone that relies on price action (support/resist areas) and volume as my main deciding factors I love this experiment you are doing. Wishing you the best results my man!
Thanks Bro, I'm looking forward to it.
I will say that first one should be called a complex chart to read
lol that's art! trader's porn... :-)
Lol.
Lol, very much so.