I messed up the charts but the idea is there.
On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI perspective to RSI50 & MA.
On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA.
So my point is that we shall see further breakdown on this pair.
On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI perspective to RSI50 & MA.
On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA.
So my point is that we shall see further breakdown on this pair.
Note
It will be a long trade. Daily is still down but 4H will have a nice rally to 124.X.
Let's see.
Note
We entered a bit too late on daily and have faced a logical throwback. 4h TF could indicate a bit more downside.
Note
I'm still mixed with this trade, so I put SLbe and let it run.On daily we can see a down trend starting, but 4H is entering oversold area.
As we are in this trade for a long time now, I'm not taking any risk nor taking some profit too soon. We avoid the SL so that's half bad.
Note
My TP1 is 121.6 and TP2 120.3.Trade closed: stop reached
SLbe touched! Null trade.
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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.