Trading plan: Week 02.2023
- MN1: NEUTRAL. A small pin bar near the last support (1.21-1.22) but not strong. The price might revert the bullish momentum from that level but 1 month is too long to make a guess.
- W1: BULLISH. Another pin bar that showed the pullback might stop here and a trend bullish continuous will continue. But the signal is not strong enough.
- D1: BULLISH. A good strong bullish engulf candle. The price should go higher.
- H4: BULLISH. Price broke a channel and a recent high at 1.2070. Price might go higher to 1.2350-1.24.
- H1: WAIT for LONG at 1.2060-1.2080, target to 1.2350.
Cautions
- Inflation rate US, GDP UK news
- MN1: NEUTRAL. A small pin bar near the last support (1.21-1.22) but not strong. The price might revert the bullish momentum from that level but 1 month is too long to make a guess.
- W1: BULLISH. Another pin bar that showed the pullback might stop here and a trend bullish continuous will continue. But the signal is not strong enough.
- D1: BULLISH. A good strong bullish engulf candle. The price should go higher.
- H4: BULLISH. Price broke a channel and a recent high at 1.2070. Price might go higher to 1.2350-1.24.
- H1: WAIT for LONG at 1.2060-1.2080, target to 1.2350.
Cautions
- Inflation rate US, GDP UK news
Comment:
Comment: