What does this mean?
For instance, we have price just tested H4 supply zone, zone is holding and price started to
move away [down] the zone. In this situation if we are trading on say M5 we'd be looking to
sell on decent supply zones of M5 rather than buying at demand zones. Is this means we
shouldn't enter any buy orders in such circumstances? Of course not. You can always benefit
from decent M5 demand zones too as price rarely moves in one straight line but using supply
gives us additional probability in our favor. There are no need to be greedy. We cannot get all
the pips. That's until price comes close to possible reaction levels or closing on H4 demand
zone. Regardless your trading chart time frame, it's always wise to keep an eye on higher
timeframes.
Do'stlaringiz bilan baham: |