We are in a down trend clearly since 1 year almost ...we took liquidity below last swing point ..now i would love to see a push to the upside in direction of last flip + demand zone ..we are also in line with falling trendline which could act as resistance as well ..we will see ...
what is the plan ?
i look for ltf entry to get into a long trade with a target at demand + flip zone ...if something presents itself
in case we hit the zones above i look for ltf entry pattern to get in a short with great profit potential and great RR ..
if u wanna swing it with not much effort you can set a short pending at the demand level ive drawn for a 14:1 RR target at last daily swing point...i would cleary advice to take some off the table when we hit the current low again and let rest position run .... be aware its just my opinion and view and no financial advise ! you are the executer..i just here to inspire
keep you poted about the development..
check out my latest ideas and have a great weekend all
cheers
Trueman23