10,000 Foot View – 4 Hr Chart
Zooming In
What I like about the zone is price left the zone, pulled back and barely penetrated the zone (green circle), then dropped more than 200 pips from the zone, denoting sellers right above. The white rectangle represents filled orders and if the trades works outs, price should be able to get to at least the orange arrow.
Price then returned and approached the zone very quickly. I happened to be in front of the computer, so I watched the price action before entering the trade. I was specifically looking for price to break down
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