Monthly supply in control, Daily supply in control. planning to short upon more price rejection in area.
price is rejecting supply area possible short between 1.0051 and 1.0031
Where price is located it may just keep going down without looking back. My Plan is for price to arrive at the fresh supply area, only then will I trigger a short. There are many ways to look at this, I focus on supply and demand. Price may break that fresh supply, I dont know but i like the risk to reward in that fresh supply area, so Im willing to risk it. At...
Waiting for price to rally to potential supply or supply 1 to sell.
Price is reaching a supply zone that looks good for a short. Lets see if price gets to that grey area which supply.
Waiting for price to arrive at supply level 1 and see the reaction . if price goes through supply 1 then i will see how price will react in supply area 2. I like supply area 2 better risk reward. Maybe price will never get to that area.
The dollar is on supply zone on the daily is it time to sell? Every time it comes to that supply zone price is rejected. Looks like a good short for next week.
waiting for rejection at the 1.1306 area for a potential buy. Pair has been ranging for some time.
Waiting for price to arrive at support. when price rejects support in the lower time frames i will look for a buy set up. This pair has been in a range.
waiting on price to arrive at 1.6860 so my potential long triggers. Patience is a virtue
Buying GBPCHF on the 4 hour once it pulls back. I am bullish on this pair because it has broken the 200 SMA and it has broken the descending trend line on the daily. i am just waiting on the pull back on the 4 hour time frame and then some bullish confirmation.
Waiting on pull back and bearish candle in order to enter trade. No confirmation no trade.
I am waiting on a bearish 4 hour candle to sell. Be careful!!! Brexit news tomorrow which may affect this pair.
BUY CADCHF on H4 when price creates a bullish candle between the 382 and 786 Fibonacci.