- Daily timeframe [long term timeframe]
Price broke bullish structure and retraced into the demand that caused the bos.
• Bullish bias
- Four-hour timeframe [medium term timeframe]
We had a bullish i-bos as price bounced of the daily [and 4H demand zone]
• Bearish bias
- 15-minute timeframe [short term timeframe]
15-minute swing structure shifted bullish which is in line with the daily timeframe swing structure
• Bullish bias
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias [vice versa]
©Austin Palmer for FONOS Fx, 2024.
Trade closed: stop reached
After a nice pop, we got stopped out even with the bullish crude oil news. That's okay on to the next one.
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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.