First of all,
Wait for confirmed breakout on the asset.
As long as the value area low on a local support zone holds, we are only thinking in long direction.
Risk reward here is 3:1 which is a little bit riskier than usual. but the potential of this trade is increasing every time it breaks levels and gets away from value area low.
For a potential swing failure keep your eyes on the breakdown of the value area low and keep eyes on the volume.
After it get's back to the area it will be a really high potential of hitting targets
Wait for confirmed breakout on the asset.
As long as the value area low on a local support zone holds, we are only thinking in long direction.
Risk reward here is 3:1 which is a little bit riskier than usual. but the potential of this trade is increasing every time it breaks levels and gets away from value area low.
For a potential swing failure keep your eyes on the breakdown of the value area low and keep eyes on the volume.
After it get's back to the area it will be a really high potential of hitting targets
Be aware of the combo zone of 200 EMA and the point of control if the price trades there