Big trend on ERU/JPY pair is down, but after broke Daily descending TL and remove opposing Daily Supply zone medium trend on D1 chart is up with possible back to W1 Supply zone. My opinion: because D1 trend is up we can trade 'long' from H4 valid Demand zone and here one of them is available.
Price pull back from D1 Supply zone neasted in W1 Supply zone and break ascending trendline on D1 chart. Today price break yesterday low so it is possible that create Potential Supply zone. Firest target to opposing D1 Demand zone secound target at least 1.10
Downtrend on W1 chart with W1 Supply zone after break the old ascending TL. I will wait on new Supply zone on D1 chart neasted in that W1 SZ.
This is trade based on Supply and Demand strategy. On MN chart is down trend, new Bearish engulfing pattern on W1 chart and nested in that D1 supply zone with enough room to drop.
Price made big move on D1 chart, which remove more that 2 last valleys, so I wait on correction and then waiting on signal to sell on H1 chart. Showed on my chart TP is for me full potential move of price and I will not looking more, maybe will quit earlier, but for sure not than R/R 1:1
Trade based on Supply and Demand strategy. W1 and D1 up trend buy limit order waiting in D1 demand zone with target in next W1 opposing zone.
I got next signal on H1 chart to buy, so continuing 'long' trade.
After big move of price down on W1 chart there was correction which in my opinion ends now and price will do secound move down. Signal to go short from H4 chart.
Price made big move on H4 chart, correction and now possible secound move up.
Big price drop on MN chart, then typical correction and now possible secound down move of price. I took signal order from D1 chart.
Continuation last loss trade, hope this time will be good.
It is buy limit order based on supply and demand strategy. Price made big move up remove opposing supply level and if will back to pointed zone I will buy.
After big rally of price on MN chart, there was a correction move and now is possible secound move of price in up direction. I will wait if price back to draw zone and then buy.
Again UK share to take good opportunity on short trade. Price do big move down on W1 chart, then correction and now possible secound move down. Furthermore price pullback from W1 and H4 resistance. Signal to open trade from H4 chart.
After big rally price (best showed on D1 chart), we observe the correction last days nad now price tends to do one move up. SL order place under last vallye.
When I open the MN chart there was typical move of price down and then price form correction moves. Now is potential secound reaction down. I wait on signal to sell from D1 chart.