EURUSD Jan 8th-12th 2024 Weekly Trade Setup-LONG
Jan 8th-12th 2024 Weekly Trade Setups
See blue long trade
1. Long Play: C- Probability due to being counter swing and counter Internal. The main reason to trade this would be the trade has momentum more bullish than bearish.
2. This would be an investor trade. Very Long Term
Entry Price: 1.08729
Stop Loss: 1.05789
Take Profit: 1.13105 or trail the trends and scale in when all risk is off the table
Please Follow me: I would love to scalp live on tradingview
Jan 8th-12th 2024 Weekly Chart Analysis
1. Price is in the weekly internal break of structure (See Green 1 for Reference) and ranging between the equilibrium of the weekly Ibos strong (See 2 for Reference) and the weekly Ibos low Weak (See 3 for reference)
2. Price is currently in the weekly A.1 Supply Zone with momentum to the upside. (See 1 for reference)
3. Price has had a change of character to the bullish upside in the weekly I-Bos swing range (Between 2 & 3)
4. As of Jan 06rd 2024 the weekly i-bos (Green 2 for reference) is protected and is the strong structure .
5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates.
6. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)
See blue long trade
1. Long Play: C- Probability due to being counter swing and counter Internal. The main reason to trade this would be the trade has momentum more bullish than bearish.
2. This would be an investor trade. Very Long Term
Entry Price: 1.08729
Stop Loss: 1.05789
Take Profit: 1.13105 or trail the trends and scale in when all risk is off the table
Please Follow me: I would love to scalp live on tradingview
Jan 8th-12th 2024 Weekly Chart Analysis
1. Price is in the weekly internal break of structure (See Green 1 for Reference) and ranging between the equilibrium of the weekly Ibos strong (See 2 for Reference) and the weekly Ibos low Weak (See 3 for reference)
2. Price is currently in the weekly A.1 Supply Zone with momentum to the upside. (See 1 for reference)
3. Price has had a change of character to the bullish upside in the weekly I-Bos swing range (Between 2 & 3)
4. As of Jan 06rd 2024 the weekly i-bos (Green 2 for reference) is protected and is the strong structure .
5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates.
6. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)