DislikedHello TIOF, First post here, getting back to the groove of things. I do realise my chart isn't as clean as I want it to be, will be working on that a little! Saw this little opportunity for a decent 1:3 RR opportunity. Wasn't a set and forget trade opportunity, however saw that it took out a demand zone and entering a nested demand zone the R:R was good enough and took it! Disclaimer: Very rusty. Also, I am aware that the target set was higher than 1:3, only realised after the screenshot was taken, TP is lower than as depicted. Hoping to get back...Ignored
Welcome to T.I.O.F
If i may please, as you can see prices have not reached a monthly demand zone and the monthly is in a downtrend.
the daily buy for a long term trade without price being at weekly or monthly demand is a bit more aggressive.
Remember, aggressive does not mean bad. It just means it is riskier.
Be careful what you think because your thoughts run your life..Solomon