Swing Trade:
-Trading w/ the trend: Longs
-Valid Demand Zone around 70% fib level: Unmitigated + Discount level + Broke Consolidation with Imbalance
-Liquidity Formation: Equal Lows just before the Demand Zone
Remember to keep your analysis simple.
Let me know your thoughts!
4H Schotastic Oversold + Blue line Crossover (trend change?)
Made a CHoCH to the upside
Currently in consolidating after a breakout to the upside (fake breakout?)
I am waiting for a retest to the support level of the ranging candlesticks
OR
It could break it for the sake to find a demand area and shoot up from there
Target:
Next fresh supply area which is just...
4H Supply Area has been MITIGATED
Schotastic RSI in 4H tf gives a SRONG BUY signal
Followed by a Dominant Buy break in the 1H tf
Waiting for a Breakout above towards a FRESH SUPPLY
If a CS body closes below Demand Area, set up failed
Demand Area is based on 1H tf running down to the 61.8% Fib Level due to possible RETRACEMENT
NEWS:
Dollar Outshines Euro,...
