The expectation is to see whether the price is targeting the previous breakout or not. Analyze level by level, starting from higher timeframes, H4 and H1 at minimum to confirm a valid breakout. Then, set pending orders in anticipation of a pullback for a potential long entry. Around the 1.3357 level, I will consider looking for a sell setup if the price fails to break through.
Note
typo 1.3357 = 3357Trade active
The white horizontal line represents my weekly level. Price may spike into the red and green lines, which mark my daily and H4 levels, respectively. Let’s see how the market structure develops. As a retail trader, it’s all about following the flow. peace yo!Note
What’s great about technical analysis? 🤔Once you figure it out for yourself, it’s as easy as A-B-C.
Minimal risk, maximum clarity. Stick to your SOP, and trade with calm and patience.
Tip of the day: Trust the process.
Good morning, traders! ☀️📈 #TechnicalAnalysis #TradingMindset #ForexLife #DisciplineEqualsFreedom
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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.