H4:
- Structure: Downtrend
- Tendency: Downward
- Below resistance
-> Waiting signal=> Sell
- Structure: Downtrend
- Tendency: Downward
- Below resistance
-> Waiting signal=> Sell
Comment:
As updated on telegram channel. Market is due to correction , the more it make correction from here, the better to plan the trade then
Comment:
As currently price is at the expected zone to sell (red arrow) however, there is no reliable setup yet at this moment. There is no real reversal activity at this major zone, so be cautious on this. Price could react to go down a bit, but won't form a reversal pair of candle, so it could go up higher later of the day
Comment:
Wait for this H4 candle to close, if it's inside bar, trade when it breakout its low in next candle, if it breaks up, just leave
Wait for this H4 candle to close, if it's inside bar, trade when it breakout its low in next candle, if it breaks up, just leave
Comment:
set tight SL, cuz it can go up later because there is no real strenght with DXY yet.
Trade closed: stop reached:
As commented above, we set SL tight when price moves in favor to minimize loss when EUR comes back its strength to go higher
Comment:
can re-enter the trade with SL above the climax