I am currently looking for buy opportunities on EA, as the higher time frame trend remains bullish.
However, this setup is counter-trend, since the 4H market structure is still bearish.
On the 15-minute time frame, a bullish flip has already occurred, so now the plan is to stay patient and wait for further confirmation, likely into tomorrow’s session.
This zone is a refined demand zone, which previously caused the entire move to the upside, making it a key area of interest.
For risk management:
A conservative stop-loss would be placed below the demand zone, but the risk-to-reward is not ideal.
Therefore, I will be looking for a more aggressive stop-loss placement to improve RR.
However, this setup is counter-trend, since the 4H market structure is still bearish.
On the 15-minute time frame, a bullish flip has already occurred, so now the plan is to stay patient and wait for further confirmation, likely into tomorrow’s session.
This zone is a refined demand zone, which previously caused the entire move to the upside, making it a key area of interest.
For risk management:
A conservative stop-loss would be placed below the demand zone, but the risk-to-reward is not ideal.
Therefore, I will be looking for a more aggressive stop-loss placement to improve RR.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.