FalkSchwiefert

FalkSchwiefert

Price is about to hit a strong supply level. The level has been established and then touched once before. So not entirely fresh.

FalkSchwiefert

Once price hits the upper trend line, watch for it bouncing inside the stop zone and open when it leaves the zone

FalkSchwiefert

bounce of either trendline support or support level is very possible. Big stop loss for 4h chart.

FalkSchwiefert

Bounce on resistance level again for a short.

FalkSchwiefert

Expecting another retracement to trendline and then a spike down

FalkSchwiefert

Currently crossing the top of the channel line. If 4h closing candle closes decisively above the line, buy at market. Additionally stochastic shows less and less overbought while price is rising. Place stop loss below support level.

FalkSchwiefert

Major support zone and demand zone (touched but intact), possible bounce Wait for reversal candle closing. Entry: ~1.1550 SL: 1.1495 (definite break of resistance and demand zone) TP: 1.1610 (just before opposing supply and recent high) 1:1 - half position size for bad ROI