The higher timeframe bias is bullish. The price is at 0.618 fib level in 4H and also it is on a 4h demand area. In lower timeframes price already started the uptrend and by the LND session, the price will be uptrend due to the coming news on the GBP. The first TP is 1.85830
R/R = 1:2.59
According to the high timeframe biases, the trend is descending. Also, we are below a 4H resistance, and the price is making a spike to the high.
So, I took a short position
I believe the first target is 1770 and then 1760 would be the last target.
R/R = 1: 4.47
Because of the last candle in 1h and the trend in 4h I took a short position, regarding the fact that the price is under the 4H resistance area, the first TP is 1770 and I suppose it will continue to the downside.
By the way, this is my intraweek bias.
R/R = 1:3.38
Price broke the descending channel and previous weekly high and a weekly resistance, also it is making a pullback in daily, and in 4H it is almost bullish, so a long position taken and the TP is put on that last high that makes the bearish trend near the next monthly resistance.
R/R = 1:2.25
Long position taken because the price started a bullish trend from a daily demand zone and also it broke last week high and a 4H supply zone, so I took a long position.
R/R = 1:1.86
The daily time frame was bullish and the price broke the 110.6 daily level in 4H and also 1H timeframe. Also, yesterday broke the 4H timeframe and last week's high. I take a long position with the TP of a psychological level.
R/R = 1:1.95
Short position taken – 1H – From Monday in daily time frame we had LH and price is struggling with the descending komu in daily. In 4H price broke last week level and also a daily S, and today it broke the last low which made last high and pull back so I enter the short position and the TP is the Monthly S.
in: 0.85771
TP: 0.85000
SL: 0.86100
R/R = 1:2.27
Short position taken – 1H - Although in bigger timeframes the trend was bullish but it showed weakness and cannot pass the last week high and reverse from it. In 1H timeframe, it broke the last low (1.96205) which created last high and also it passed the ascending komu. I entered the short position and the TP is last week low.
R/R = 1:2.07
The long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High.
R/R = 1:1.1
Short Position has taken. Price broke a demand zone in 4H timeframe and it did a pullback.
It is a Short-term bearish target. The tp is the next demand zone.
R/R = 1:1.63
A short position is taken. In the 4H time frame, the price keep building LH and also it was below descending komu. Also, it hit the weekly resistance, so I took a short position and put the TP on yesterday low.
R/R = 1:2.06
Price broke a daily demand zone and also in multi timeframes was bearish.
The Tp is the Monthly support which is a round psychological number too.
A high-risk trade cause it has a wide SL.
R/R = 1:1.17
The long position taken. The price broke a monthly resistance and also in Daily timeframe and 4H timeframe is bullish.
The TP is the level of komu. ( it is a conservative TP, cause I can put it on last week high).
R/R = 1:2.12
It breaks the last daily low and also it started an uptrend from the 4H demand zone
The TP is a again so conservative that only cover 48 pips, I can extend it to the weekly high, but I prefer not to do it.
R/R = 1:1
