Monthly and weekly in downtrend.
D and H4 uptrend - price near D demand zone ( green area).
Waiting for 30 min to make an upside BOS for a long until the D supply area ( red zone) - counter trend trade!
SL - beneath the last H4 low (5.360 eur).
TP 1- could be at the last H4 high (5.798 eur), or to 38,2 fib level.
D and H4 uptrend - price near D demand zone ( green area).
Waiting for 30 min to make an upside BOS for a long until the D supply area ( red zone) - counter trend trade!
SL - beneath the last H4 low (5.360 eur).
TP 1- could be at the last H4 high (5.798 eur), or to 38,2 fib level.
Comment:
NO upside BOS = no trade, demand zone not respected in H4.