Blue Palm Institute Setup 💎
Pair💰: NZDCHF
Weekly Time Frame🖥️:
Weekly Excelsius View🖥️:
Daily Time Frame🖥️:
Daily Excelsius View🖥️:
4 Hour Time Frame🖥️:
4 Hour Excelsius View🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: Looking at the weekly time frame, we can see that we are now receiving the awaited pull back of price being extended for so many weeks. Its time now to be very peaky on your trades when price is doing this
Daily Time Frame📚: Price has stayed in some what of a consolidated state at this time, but we can see that if price breaks below the daily lower low, we can continue on our way down to the next couple daily higher lows. If price breaks above the daily higher high, we can expect price to continue to make new higher highs.
4 Hour Time Frame📚: With how price is so consolidated, we need a break of the daily higher high on the 30 minute time frame, once the break happens, wait for the 30 minute time frame to form a new 30 minute higher high. Once the new found higher high is formed, wait for a break past the 30 minute higher high and then we can enter. As mentioned in previous posts, if the 1:1 RR is not there then do not take the trade. For sells, we should wait for price to break the daily lower low on the 15 minute time frame and then form a new 15 minute lower low. Once the 15 minute lower low is formed, wait for the break to then enter the trade.
Pair💰: NZDCHF
Weekly Time Frame🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: Looking at the weekly time frame, we can see that we are now receiving the awaited pull back of price being extended for so many weeks. Its time now to be very peaky on your trades when price is doing this
Daily Time Frame📚: Price has stayed in some what of a consolidated state at this time, but we can see that if price breaks below the daily lower low, we can continue on our way down to the next couple daily higher lows. If price breaks above the daily higher high, we can expect price to continue to make new higher highs.
4 Hour Time Frame📚: With how price is so consolidated, we need a break of the daily higher high on the 30 minute time frame, once the break happens, wait for the 30 minute time frame to form a new 30 minute higher high. Once the new found higher high is formed, wait for a break past the 30 minute higher high and then we can enter. As mentioned in previous posts, if the 1:1 RR is not there then do not take the trade. For sells, we should wait for price to break the daily lower low on the 15 minute time frame and then form a new 15 minute lower low. Once the 15 minute lower low is formed, wait for the break to then enter the trade.