Here on the chart of NZDUSD
you have price reaching for supply. When this happens, the unfilled orders will once again be addressed. The words "unfilled orders" you see on the chart are the reason price fell hard coming out of the supply zone
(long red bar). When price returns to the supply zone
, this means the unfilled orders to the left of the chart that were not filled will be addressed. Not all of the orders will fill as in the first attempt on the chart, thus presenting an opportunity to go short with the ability to make good on the trade. You also have clear convergence between the rsi
indicator and price. Follow the indicator. Indicator is pointing up. Let's see if this plays out. Your profit potential is a 3:1 ratio from the supply band. You would just measure the width of the band and count downward to the deepest part of the current low. Watching.