HTF and LTF downtrend. recommended settings SL - 90 TP - 250
Analysis HTF - Slightly sideway with uptrend basis. LTF - UPtrend SL - 35-50 TP - 80-130
Expecting retracement in this area where abt the time where DXy enters the demand zone that falls ard the fib 88.6 mark. Target of 20pips is good...
Good demand level support with strong moveaway force on D1 tf. Ties in with EMA50. Can go 1for1
Price at daily high nearly upper limit of band. Lower TF show exhaustion and tele with MACD with market sentiment heading to sellers.
Higher TF controlling low area and daily demand zone. expecting price to bounce this area due to strong moveout earlier in lower TF. Expecting a min 20pips retracement when price re4aches this area.
Weekly and Daily moving higher but short term down on smaller TF. Expeecting price to retrace further down before moving back up again. SL can be ard 30pips and TP ard 30-50pips if keen.
Relatively strong supply area and can see the upmove is slightly exhausted expecting a short retrace when price reach this level. likely a good TP range of 20pips to 30pips is decent.
There are 2 demand zones that i identify on H1. one is above ard 1.3055 and the other below ard 1.3030. First entry was overrun by sellers and it went straight to my 2nd zone of demand. (kind of unexpected) SL for this trade was set to be 1.3015 as this zone is a hourly zone that have high potential for retracement. Therefore, this case the SL bar was...
Expecting a supply at the area. Smaller TF showing signes of downtrend forming. Good to smaller TF profit.
Countertrend trade. Retracement mindset.
Short term trade. TP ard 15pips
down trend. supply zone on H1. retested. short term profit.
Eur broke highest pivot, expecting a retacement backdown before price goes back up.
Thinking of long at M15.. Reason is the uptrend, near Fib 88.6 area. Strong move away.
Higher timeframe still down in my opinion. this position maybe a good short for a min 1-2.
Expecting a good demand area at this zone for a min bounce of 1-1.