Orange lines - daily wave, classic ABC continuation
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions
Our h1 expected turning point is 0.7470.
We've kept on the chart the arrow for our continuation play that failed - just a reminder there's no 100% in trading.
If you follow us in the forex chat room here, we just took the m1 long reaction from 0.7501 to 0.7514 partial tp - that is not however the big one we're after.
We expect h1 signals to form after the 0.7470 test sometime in the next 24 hours. Our expected movement is to 0.7750 with target area 2 at 0.7900.
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions
Our h1 expected turning point is 0.7470.
We've kept on the chart the arrow for our continuation play that failed - just a reminder there's no 100% in trading.
If you follow us in the forex chat room here, we just took the m1 long reaction from 0.7501 to 0.7514 partial tp - that is not however the big one we're after.
We expect h1 signals to form after the 0.7470 test sometime in the next 24 hours. Our expected movement is to 0.7750 with target area 2 at 0.7900.
Note
m15 selling pressure
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management point short side
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profit point short side
m15 extreme candle
"blind" long continuation position
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profit point 2 short side
"blind" long continuation position 2
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"blind" short continuation position 1profit point for long continuation positions
Note
Note
management short continuation - not a lot of movement but enough for m1 to validate the down reaction
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7573 short intermediate tp zone :)Note
m15 extreme candleclose short continuation position 1
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m15 movement complete and into a short reactiononly a small fraction of larger tf long positions should be kept here
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m15 short reaction validated into a risk free-tradethis 30 pip movement is not enough for tp given the RR requirements
short tp area starts around 7600
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m15 short tp1 and potential long continuation (7595)Note
risk management and partial tp long continuationNote
Tight trailer (7655) into a double top extension (7672)Note
Continuation play done :)There was an 8 pip loss yesterday on the 1st m1 attempt at this continuation
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short side tpreduced size, "blind" continuation pos (7635)
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last "continuation" play of this moveweak m15
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weak m15 long management
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.