POTENTIAL AREA TO GO LONG FROM
SILVER 1M - As you can see I have gone ahead and marked out an area of Demand I feel will be a good place to buy in, should price retrace back down to this area. The area I have marked is a hidden order block here on the one month TF.
By price trading us down and into this area it is allowing us to get involved in this market at a better price meaning we are able to profit nicely from a new leg to the upside.
The reason I feel price may trade us down and into this area before taking us higher in the market is because there will be a-lot of Demand waiting to be introduced. On top of that Supply will be removed.
Supply will be removed from the market because those shorting will need somewhere to take profit, also the Supply that is sat within this area will also be removed closing positions at break even.
By price trading us down and into this area it is allowing us to get involved in this market at a better price meaning we are able to profit nicely from a new leg to the upside.
The reason I feel price may trade us down and into this area before taking us higher in the market is because there will be a-lot of Demand waiting to be introduced. On top of that Supply will be removed.
Supply will be removed from the market because those shorting will need somewhere to take profit, also the Supply that is sat within this area will also be removed closing positions at break even.
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