Master the Art of Trading Demand Zones! đ
Unleash the power of demand zones to identify high-probability entry points.
Key Steps:
Break of Structure: Look for a significant price move that breaks a previous trend or support level.
Identify the Demand Zone: This is the area where the price reversed or consolidated before the breakout.
Wait for a Pullback: The price may pull back to the demand zone before continuing its upward trend.
Enter the Trade: Place your buy order near the demand zone.
Set Your Take Profit: Use technical analysis tools like Fibonacci retracement or price targets to determine profit levels.
Remember:
Risk Management: Always use stop-loss orders to protect your capital.
Confirmation: Combine demand zone analysis with other technical analysis tools for increased accuracy.
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