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Footprint ะ attern #2
Large volumes in the bars have already signaled a weak buyer, but we need confirmation to enter the trade:
โ๏ธ To do this, we will select the touch zone at the level of high volumes.
โ๏ธ This zone has candles inside which we will look for the smallest volumes at the edges of the bars (which will vary for each instrument).
โ๏ธ If the minimum volume is at the top, it signals a weak buyer; if at the bottom, a weak seller. In our case, it is a weak buyer.
One more tip - wait for a reversal candle before opening the position. Simply put, wait for the color to change to green ๐ข or red, as shown here ๐ด
#trading #tradingsetup #tradingpattern #footprint #volume_analysis
Large volumes in the bars have already signaled a weak buyer, but we need confirmation to enter the trade:
One more tip - wait for a reversal candle before opening the position. Simply put, wait for the color to change to green ๐ข or red, as shown here ๐ด
#trading #tradingsetup #tradingpattern #footprint #volume_analysis
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