Our bots detection triggered for ADX.
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
We can buy yellow area according to demand > trading volume > hence previous Price Action.
It looks like the point of interest on lower timeframes
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Buy area: YELLOW rectangle
Buying range: ORANGE/BLUE label
Take-Profits: on chart
Stop-Losses: according to your risk tolerance to any line below entry price
REMEMBER: set Stop-Loss at Break-Even when u are in profit FOR a ZERO risk trade
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DO NOT FORGET TO TAKE A LOOK @ MY OTHER CHARTS.
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
We can buy yellow area according to demand > trading volume > hence previous Price Action.
It looks like the point of interest on lower timeframes
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Buy area: YELLOW rectangle
Buying range: ORANGE/BLUE label
Take-Profits: on chart
Stop-Losses: according to your risk tolerance to any line below entry price
REMEMBER: set Stop-Loss at Break-Even when u are in profit FOR a ZERO risk trade
Did you like our analysis? Leave a comment, like, boost and follow to get more
DO NOT FORGET TO TAKE A LOOK @ MY OTHER CHARTS.
