SETUP TIMEFRAME: H4 (as Daily is still in sideway)
H4 Resistance to H4 Support
TECHNICAL (SOLEY PRICE ACTION)
- Because during sideway, easier to see by price action
ZONES FOR ENTRY
1) H1 SR + H1QMS (1966.62 - 1965.21)
- Confirmation Pattern = H1 HNS & H1 QMS
- 52 pips of sell
Time: 1445 (Euro sesh)
2) H4 QMS (1974.62 - 1969.74)
- Touch and Go
- Market too volatile at this moment
- 162 pips of sell
Time: 2030 (US sesh)
3) H4 QMB (1957.82 - 1954.39)
Confluence 1: H1 Divergence Trendline
Confluence 2: M15 Divergence Trendline
- Confirmation = M5 breakout Resistance
- 113 pips of buy
Time: 2130 (US sesh)
4) H4 SR + H1 SR (1970 - 1967.24)
- Confirmation Pattern = M5 breakout Support
- 77 pips of sell
Time: 2215 (US sesh)
FUNDAMENTALS
- No high impact catalyst on 9 June 2023 for USD
H4 Resistance to H4 Support
TECHNICAL (SOLEY PRICE ACTION)
- Because during sideway, easier to see by price action
ZONES FOR ENTRY
1) H1 SR + H1QMS (1966.62 - 1965.21)
- Confirmation Pattern = H1 HNS & H1 QMS
- 52 pips of sell
Time: 1445 (Euro sesh)
2) H4 QMS (1974.62 - 1969.74)
- Touch and Go
- Market too volatile at this moment
- 162 pips of sell
Time: 2030 (US sesh)
3) H4 QMB (1957.82 - 1954.39)
Confluence 1: H1 Divergence Trendline
Confluence 2: M15 Divergence Trendline
- Confirmation = M5 breakout Resistance
- 113 pips of buy
Time: 2130 (US sesh)
4) H4 SR + H1 SR (1970 - 1967.24)
- Confirmation Pattern = M5 breakout Support
- 77 pips of sell
Time: 2215 (US sesh)
FUNDAMENTALS
- No high impact catalyst on 9 June 2023 for USD
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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.