HTF:
Price at the bottom of a monthly range here. Lots of buying in the last month, current candle not showing much yet. Would expect a bounce up from here to bring price lower. MTF Scale could show potential longs, the question is when and where.
MTF:
HTF intention to go up can be seen from the engulf of the decision to enter the zone, which was the move from the recent low on the monthly chart. Best places for longs are below 1.24000, or just below 1.23000. Daily chart shows where the blue zone is, h4 chart shows the PA up. If wanted, very low scale shorts could be taken to the long zone.
LTF:
Lots to see here. Just below 1.26500, the zone I marked is the source of the move, ideally price gets here and continues below as the most recent low at aroun 1.24500 shows an intention to go lower. Nonetheless, if the most recent demand gets taken out, see my bottom alert, then there is PA and confirmation of the FL from where price just dropped from. In conclusion, if price hits bottom alert first, then I take most recent supply, otherwise I wait for the large retrace up for a better entry.
Price at the bottom of a monthly range here. Lots of buying in the last month, current candle not showing much yet. Would expect a bounce up from here to bring price lower. MTF Scale could show potential longs, the question is when and where.
MTF:
HTF intention to go up can be seen from the engulf of the decision to enter the zone, which was the move from the recent low on the monthly chart. Best places for longs are below 1.24000, or just below 1.23000. Daily chart shows where the blue zone is, h4 chart shows the PA up. If wanted, very low scale shorts could be taken to the long zone.
LTF:
Lots to see here. Just below 1.26500, the zone I marked is the source of the move, ideally price gets here and continues below as the most recent low at aroun 1.24500 shows an intention to go lower. Nonetheless, if the most recent demand gets taken out, see my bottom alert, then there is PA and confirmation of the FL from where price just dropped from. In conclusion, if price hits bottom alert first, then I take most recent supply, otherwise I wait for the large retrace up for a better entry.