4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
• Daily TF: Price still remains caught trading between the daily demand area 0.92046-0.92354, and a daily decision-point level at 0.93529. A break above could see prices test daily supply at 0.94729-0.94175, conversely, a break below will likely see a push south towards a daily R/S flip level at 0.91323. Let’s also not forget, if a break below is indeed seen, this would effectively mean that price has broken below the weekly consolidation area (levels above) as well.
Our pending buy order set just above the 4hr R/S flip level (0.92815) at 0.92857 is now well and truly filled. Meaning we now have two active long positions on this pair.
Ideally, what we’re looking for is a higher push from where price is currently trading to at least the 0.93278 level marked with a green arrow (first take-profit level from the buy at 0.92857), if we see a break above there, we can then very likely expect price to reach the final take-profit target around 4hr supply at 0.93728.
Pending/P.A confirmation levels:
• The pending buy order (Green line) set just above the 4hr decision-point level (0.92384) at 0.92417 is now active. Our second take-profit target has recently been hit at 0.93, so do keep an eye out for our third and final take-profit target set at 0.93728.
• The pending buy order (Green line) set just above a minor 4hr R/S flip level (0.92815) at 0.92857 is now active, so do keep an eye on our first take-profit target set at 0.93278.
• No P.A confirmation buy levels (Red line) are seen in the current environment.
• No pending sell orders (Green line) are seen in the current environment.
• No P.A confirmation sell levels (Red line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 0.92417 (Active) (SL: 0.92228 TP: 0.92815 0.93 0.93728) 0.92857 (Active) (SL: 0.92700 TP: 0.93278 0.93728). P.A.C: No P.A confirmation buy levels seen in the current market environment.
• Areas to watch for sell orders: P.O: No pending sell orders seen in the current market environment. P.A.C: No P.A confirmation sell levels seen in the current market environment.
The higher-timeframe picture resembles the following:
• Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
• Daily TF: Price still remains caught trading between the daily demand area 0.92046-0.92354, and a daily decision-point level at 0.93529. A break above could see prices test daily supply at 0.94729-0.94175, conversely, a break below will likely see a push south towards a daily R/S flip level at 0.91323. Let’s also not forget, if a break below is indeed seen, this would effectively mean that price has broken below the weekly consolidation area (levels above) as well.
Our pending buy order set just above the 4hr R/S flip level (0.92815) at 0.92857 is now well and truly filled. Meaning we now have two active long positions on this pair.
Ideally, what we’re looking for is a higher push from where price is currently trading to at least the 0.93278 level marked with a green arrow (first take-profit level from the buy at 0.92857), if we see a break above there, we can then very likely expect price to reach the final take-profit target around 4hr supply at 0.93728.
Pending/P.A confirmation levels:
• The pending buy order (Green line) set just above the 4hr decision-point level (0.92384) at 0.92417 is now active. Our second take-profit target has recently been hit at 0.93, so do keep an eye out for our third and final take-profit target set at 0.93728.
• The pending buy order (Green line) set just above a minor 4hr R/S flip level (0.92815) at 0.92857 is now active, so do keep an eye on our first take-profit target set at 0.93278.
• No P.A confirmation buy levels (Red line) are seen in the current environment.
• No pending sell orders (Green line) are seen in the current environment.
• No P.A confirmation sell levels (Red line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 0.92417 (Active) (SL: 0.92228 TP: 0.92815 0.93 0.93728) 0.92857 (Active) (SL: 0.92700 TP: 0.93278 0.93728). P.A.C: No P.A confirmation buy levels seen in the current market environment.
• Areas to watch for sell orders: P.O: No pending sell orders seen in the current market environment. P.A.C: No P.A confirmation sell levels seen in the current market environment.
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