PRICE ACTION, now moment
Updated
CHFJPY
Prior, price moves by forming lower lows and lower highs (down trend).
On now moment price has reverse the direction into higher highs and higher lows (up trend).
The chart is the 4Hour chart. Referring from monthly, weekly and daily time frames (chart) the the bulls are in control over bears!.
The shift in market structure of the 4Hour and 1Hour chart to bull structure mean higher prices is expected on this pair.
ZONE 02 is the most probable demand zone to go LONG and stop below it (higher low).
ZONE 01 can also be significant demand zone (LONG) because is the one caused the shift of market structure and stop below it.
For now moment you GO LONG in ZONE 02
Time Frame Coordination is the key?
HOW DO YOU PREPARE FOR MARKET OPEN, DROP YOUR COMMENT
Prior, price moves by forming lower lows and lower highs (down trend).
On now moment price has reverse the direction into higher highs and higher lows (up trend).
The chart is the 4Hour chart. Referring from monthly, weekly and daily time frames (chart) the the bulls are in control over bears!.
The shift in market structure of the 4Hour and 1Hour chart to bull structure mean higher prices is expected on this pair.
ZONE 02 is the most probable demand zone to go LONG and stop below it (higher low).
ZONE 01 can also be significant demand zone (LONG) because is the one caused the shift of market structure and stop below it.
For now moment you GO LONG in ZONE 02
Time Frame Coordination is the key?
HOW DO YOU PREPARE FOR MARKET OPEN, DROP YOUR COMMENT
Note
The market played in our pace.If you missed a trade stay alert to join the crowed.
Note
You can go LONG as price reaches around 161.433 and/ or 160.905 and stop below the previous swing low (higher low)
Note
The week ends its time to back test what you did the whole week and get prepared for the next week.Make sure you collect and analyze the mistake you did and correct them.
Don´t let you repeat the same mistake.
Have a nice weekend.
Note
Looking for Re-Entry.?Around 163.171
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