Volume profile just to identify congested areas where the buyers and the sellers may be sitting.
The idea here is to wait for the price to drop to the value zone.
Once price trades in this area, wait for a trigger to the upside like a big fat green candle or a break of structure in the daily time frame.
Go long on that candle.
Take profit: within resistance level drawn.
Never forget to employ sound risk management.
Personally I never leave more than 1% of my capital at risk in any single trade.
This is no trading advise. I have no clue what you risk tolerance, personal biases, favored r/r and so on are.
Just a scenario ... just like there is a bearish one also, which I'll publish next. The trigger at the value zone will unfold where the odds want us to go.
The idea here is to wait for the price to drop to the value zone.
Once price trades in this area, wait for a trigger to the upside like a big fat green candle or a break of structure in the daily time frame.
Go long on that candle.
Take profit: within resistance level drawn.
Never forget to employ sound risk management.
Personally I never leave more than 1% of my capital at risk in any single trade.
This is no trading advise. I have no clue what you risk tolerance, personal biases, favored r/r and so on are.
Just a scenario ... just like there is a bearish one also, which I'll publish next. The trigger at the value zone will unfold where the odds want us to go.
