Price returns to retest hsi .If the retest of hsi will have follow through you can go for type 1 entry
price in range.reach resistance and stochastic crossover. Take profit at support
Multi time-frame has been conducted on this pair, trade will be taken when it aligns to the entries of the Authors strategy. I advise to apply Price action and not Faith action; because at the end of the day, price is the ultimate.
Type 1 is over,price returns to retest hsi for type 2 entry
Finally we have a BCR of the upper limit of the descending channel. Also a BCR of the 50 EMA on the Daily and the 4H TF. Sniper on site on the Daily, will wait for it to come on site on the 4H also before I take longs to the next Supply and Demand zone at 9.7000. This is a long term trade Idea and you can add to this trade as we make our way up. Use 0.25% risk...
I spotted a beautiful setup on this one. We are just coming off of a nice long up trend. The market structure has shifted nicely into a down trend after breaking out from distribution previously. Price plunged to the down side on the breakout and has created a very nice up bear flag as it pulled back up to retest the bottom of the range. That along with confluence...
MULTI TIME-FRAME ANALYSIS DONE. TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN. TRADE SMART.
Update on our EURHKD buy idea.
Our technical analysis is in the video. Enjoy!
MULTI TIME-FRAME ANALYSIS DONE. TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN. TRADE SMART.