I think It might possibly play out with a strike of H5 which is the intraday targets that normally get hit after the H4 has already been broke. then it is possible it does the same thing in reverse for the weekly levels on the down side. Would synce up with linear regression channels. If you are intraday long your stop would probably be H3. if you are...
Following my prev GA analysis shared here on the TradingView community. Im scaling in a position in the current LOW into the monthly lows 1.74500-74000. Beautiful trade setup with a stoked RR. If you haven't seen my previous GA analysis I urge you to take a look,! PEeace
best entry has passed but is still meat on the bones and may return there. I use CPR and camarilla pivots
CPR and camarilla
using camarilla logic and strats
I'm going to play this downtrend with a laddering entry / exit strategy and measure performance over the next few months. Here is my current setup 2 / 4 asks hit and the chart explains the rest.
Possible bounce play also the bottom of the triangle
After a clear 5-wave move on the downside, a retracement between 38.2% and 61.8% is expected. RSI and price action show some divergence so I would be closing shorts and wait for the retracement to happen. *This is not a recommendation to buy or sell. Trade under your own responsibility*
Still very bearish despite the gain against the dollar in recent days I'm looking for that 0.76200 level to hold over the next day or so we should know shortly with an over 3:1 risk reward ratio and possibly more i see this being a good potential trade if you wait on stronger confirmation for an upcoming short
we are working our way from the bottom of the bollinger band to the top of it. this is also confirmed by the stochastics. fundamental events up ahead include BoE's decisions(expected to be no change), announcements by BOJ and NFP tomorrow.