Price retraced in BUY ZONE- Volume PIN bar (Trapping candle) setup. BINANCE:DOTBTC
Risk 10 pips Reward 30 pips
Price fallen drastically in 1HR creating new SZ. Risk reward> 1:3
Price is in Uptrend, Price respected previous DZ and tested successfully, meanwhile creating fresh DZ, price is coming back to test the DZ. Entry a pip above Proximal Line, and SL few pips below distal line. TP at previous swing HIGH/ SZ. Risk: 9 pips, reward: 28 pips RRR- 1:3
Price crashed through 5 min demand zone, and start retesting this FLIP Zone from below. After third retest and confirmation with bearish engulfing candle, took a short trade. Target would be next level of previous Supply Zone turned a FLIP zone.
Price was rejected multiple time on 15 Min chart. On fourth arrival sort in 3 min after bearish engulfing candle. TP opposite Demand Zone.