Price action has nearly returned to the 1.523 area. I am now looking for bullish candles on the daily time frame. If I get a bull candle, I will be placing buy limit orders at previous levels on the 1H time frame in an attempt to get in on a pull back.
Note
I'm a little late to the game. A couple bull candles have been painted. Let's take a look at the 1H now.
Note
5/30 the first bull candle was printed. Once the market closed for the day I would be placing buy limit orders at previous levels on the 1H. Note
5/31 gave us another daily bull candle. I placed buy limit orders at previous levels on the 1H once the market closed for the day.Note
Bull candle posted on the daily time frame.Note
Rough look at entries and stop losses on 1H time frame.
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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.