Zone: Demand Zone formed from daily trendline break
Stack: Weekly
Execution: 4h Star Pattern
Limit order. Low risk applied.***
Pros:
All confirmations aligned.
Price is in the key level zone.
On the lower end of the trendline channel.
Expecting a pull back.
Pip target is low. Making it easy to hit.
Cons:
Price is still in a clear down trend.
Pattern formed just at the edge of the zone.