Euro / U.S. DollarShort
EURUSD-Jan 8th-12th 2024 Weekly Trade Setup-SHORT
Jan 8th-12th 2024 Weekly Trade Setup-SHORT
See Purple short trade
1. Short Trade with a confirmation entry: A- Probability due to being pro swing and pro internal + It's at the extreme of the strong internal structure + the w d.1 zone (see *) is the supply that caused the bearish swing trend change = possible large investors have an interest to hold this level
or this might just induce traders and price will push higher
2. This would be an investor trade short.
Very Long Term
Entry Price: 1.11453
Stop Loss: 1.15144
Take Profit: 1.04069 or trail the trends and scale in when all risk is off the table
Risk to reward minimum: 1:2
Please Follow me: I would love to scalp live and tradingview
See Below for Analysis:
Jan 8th-12th 2024 Weekly Chart Analysis
1. Price is in the weekly internal break of structure (See Green 1 for Reference) and ranging between the equilibrium of the weekly Ibos strong (See 2 for Reference) and the weekly Ibos low Weak (See 3 for reference)
2. Price is currently in the weekly A.1 Supply Zone with momentum to the upside. (See 1 for reference)
3. Price has had a change of character to the bullish upside in the weekly I-Bos swing range (Between 2 & 3)
4. As of Jan 06rd 2024 the weekly i-bos (Green 2 for reference) is protected and is the strong structure .
5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates.
6. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)
See Purple short trade
1. Short Trade with a confirmation entry: A- Probability due to being pro swing and pro internal + It's at the extreme of the strong internal structure + the w d.1 zone (see *) is the supply that caused the bearish swing trend change = possible large investors have an interest to hold this level
or this might just induce traders and price will push higher
2. This would be an investor trade short.
Very Long Term
Entry Price: 1.11453
Stop Loss: 1.15144
Take Profit: 1.04069 or trail the trends and scale in when all risk is off the table
Risk to reward minimum: 1:2
Please Follow me: I would love to scalp live and tradingview
See Below for Analysis:
Jan 8th-12th 2024 Weekly Chart Analysis
1. Price is in the weekly internal break of structure (See Green 1 for Reference) and ranging between the equilibrium of the weekly Ibos strong (See 2 for Reference) and the weekly Ibos low Weak (See 3 for reference)
2. Price is currently in the weekly A.1 Supply Zone with momentum to the upside. (See 1 for reference)
3. Price has had a change of character to the bullish upside in the weekly I-Bos swing range (Between 2 & 3)
4. As of Jan 06rd 2024 the weekly i-bos (Green 2 for reference) is protected and is the strong structure .
5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates.
6. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)
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