price is in a down trend with a current up direction. in case if the price will stay below the control level, the price will have a good potential to go down.
The scenario is based on volume and open interest details on the chart
Trading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the...
As all retail traders are looking for long trades, we know this pair can easily get lower again. The nice high test at out weekle resistance is a good signal to trade from along with a bunch of other confluences on the different TF's.
We will wait for a little pullback to the 1.40 level and buy from there. This pair is ALL BULLS.
I am back with more analysis. Use them how u want them to use, this is my opinion and my way of profitable trading. I don't recommend following people blindly. U can find the other "tradetostart's" on my instagram : FXB_Buddy Check it out! The link to my website is also on there.
Just trying to learn producing scenarios "WHAT IF". Bullish option is AB=CD confluenced with potential bat or gartley. Bearish is breakdown down, retest and then down. Notice - my previous (one way) EURUSD idea complete, so now is time to thing what is more probable scenario. More probable? I am more bullish than bearish...