Price closed for the week below last week's low. I'll be looking to short this pair around last week's low of 0.94385 using a 4H chart.
Once price returns to 0.94385, I'll begin watching a 4H chart for a candle to close below a previous candle's low.
If this occurs, I will be looking to short the previous 4H candles low using levels on the 1 minute time frame.
Once price returns to 0.94385, I'll begin watching a 4H chart for a candle to close below a previous candle's low.
If this occurs, I will be looking to short the previous 4H candles low using levels on the 1 minute time frame.
Note
Here's a look at the current 4H chart for this pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.