MTFA - Potential breakout happening on the daily on this pair, if we get 2 cps formed after the trendline break.
Monthly - at DZ at the lower end of the previous spike failing to make lowers
Weekly - reaction from the weekly bull engulf out of the MN demand zone
Daily - forming potential bull engulfs with trendline break
with all of this into consideration,...
I am just posting these for self reference and record. I posted this one a little later, but I got in on the breakout of d1 trendline, now acting as support. managed to get staggered entries giving me a 5:1 RR up to the tp.
dependant on candle formation at 6, in hope that we get 2 50 % candles, we could have a break out of wk highs, previous sz's and flip zones. Should be a nice easy 2:1 trade. lets see what happens at 6pm candle close
mn bear engulf in control, wk bear engulf sz in control ( weak ), confirmation out of the 4h with a 4h engulf and break of the 4h trendline.. sell on the break out of the cp. looking for a 1:1.5 r/r, wk chart, buyers looking weak.
