Blue Palm Institute Setup 💎
Pair💰: EURCHF
Weekly Time Frame🖥️:
Weekly Excelsius View🖥️:
Daily Time Frame🖥️:
Daily Excelsius View🖥️:
4 Hour Time Frame🖥️:
4 Hour Excelsius View🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: With how the weekly is forming, this past week gave us the new found weekly lower high (1.03851) With this new found weekly lower high, price can now continue to dip into the last daily lower low marked
Daily Time Frame📚: Price at this moment is stuck in a consolidation right above the rejection zone. With this price needs to either break the daily high and continue to the daily lower high and past that to the weekly lower high, or price breaks the daily lower low and heads to the next daily lower low. Either way, what ever price does, we need the right protocols to hit before we fire away at anything.
4 Hour Time Frame📚: we need a break above the daily high before we can get involved in any buys. Please note that right above the daily high is a daily lower high in structure that can either not allow price to go past or have price push on past that to then allow us to get to the weekly lower high. For sells as mentioned, we need the break of the daily lower low to then continue on to the next lower. For the buys, we should wait till the 15 minute time frame to break the daily high, form a 15 minute higher high, then break this new 15 minute higher high before getting involved, if the trade is not minimum a 1:1 RR to the next key level, which in this case to the daily lower high, do not take the trade wait for the same rules to happen above the daily lower high. For sells, same thing, 15 minute candle break, new 15 minute lower low, break of the new 15 minute lower low for sells
Pair💰: EURCHF
Weekly Time Frame🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: With how the weekly is forming, this past week gave us the new found weekly lower high (1.03851) With this new found weekly lower high, price can now continue to dip into the last daily lower low marked
Daily Time Frame📚: Price at this moment is stuck in a consolidation right above the rejection zone. With this price needs to either break the daily high and continue to the daily lower high and past that to the weekly lower high, or price breaks the daily lower low and heads to the next daily lower low. Either way, what ever price does, we need the right protocols to hit before we fire away at anything.
4 Hour Time Frame📚: we need a break above the daily high before we can get involved in any buys. Please note that right above the daily high is a daily lower high in structure that can either not allow price to go past or have price push on past that to then allow us to get to the weekly lower high. For sells as mentioned, we need the break of the daily lower low to then continue on to the next lower. For the buys, we should wait till the 15 minute time frame to break the daily high, form a 15 minute higher high, then break this new 15 minute higher high before getting involved, if the trade is not minimum a 1:1 RR to the next key level, which in this case to the daily lower high, do not take the trade wait for the same rules to happen above the daily lower high. For sells, same thing, 15 minute candle break, new 15 minute lower low, break of the new 15 minute lower low for sells