LONG - FRA40 (H4) (26 May 2023)
Updated
SWING TRADE - FRA40
Weekly Chart
- Price is still going up
- Price is currently correcting, and is expected to go up since it breaks the Historical high price point
In Daily Chart, price is out of alignment and is correcting
- price is expected to bounce back from Daily Demand zone
- a potential buy trade can be found inside the zone
In H4 Chart,
- A potential buy trade can be found at the bottom.
- The zone above is tested,hence not a good zone to buy from
Weekly Chart
- Price is still going up
- Price is currently correcting, and is expected to go up since it breaks the Historical high price point
In Daily Chart, price is out of alignment and is correcting
- price is expected to bounce back from Daily Demand zone
- a potential buy trade can be found inside the zone
In H4 Chart,
- A potential buy trade can be found at the bottom.
- The zone above is tested,hence not a good zone to buy from
Comment
Daily and H4 pending orders are placed on 26 May 2023Trade active
Trade activated; price is triggered in D1Comment
Still in the trade and in profitTrade active
Comment
Trade was closed in advance.However, I expect the trade to continue as per analysis.
A new analysis will be done to find new buys for this pair.
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