Price has reached a point of interest of mine
This is on a weekly timeframe
Price has already shown a reaction off of this zone
I would like to see a buy from here
I also know there's manipulation in the markets
so, I have drawn up a fake out then back into the zone
perspective: this fake out to the downside will:
1. fake out breakout traders
2. hit stop loss on a break and retest if visual resistance is established
This is on a weekly timeframe
Price has already shown a reaction off of this zone
I would like to see a buy from here
I also know there's manipulation in the markets
so, I have drawn up a fake out then back into the zone
perspective: this fake out to the downside will:
1. fake out breakout traders
2. hit stop loss on a break and retest if visual resistance is established