EURUSD VIDEO — Chronological Analysis (216m/1H)
Updated
✨ AN UPTREND OPPORTUNITY ✨
(4) TP2 @ 1.1075 (1H)
(3) TP1 @ 1.0985 (1H)
(2) BSO @ 1.0940 (216m)
(1) BLO @ 1.0920 (1H)
(5) SL @ 1.0895 🚫
ADDITIONAL INFO:
🌟 The overall trend is an uptrend (UT), however the correction to the downside seems to be finished and the uptrend is resuming.
(1) If Price Action (PA) pulls back (PB), I'm hopeful that we'll be able to catch the continuation of the uptrend (UT) with this Buy Limit Order
(2) Assuming Price Action stays bullish, this Buy Stop Order is in place to try to capture the uptrend continuation (UT)
(3) The 1-hour chart shows a modest Supply Zone, therefore let's cut 50% off our position at TP1.
(4) Since it's possible that the Pivot High (PH) on the 1-hour chart will function as Resistance, we'll be closing our long position at TP2 and looking for a new entry point.
(4) TP2 @ 1.1075 (1H)
(3) TP1 @ 1.0985 (1H)
(2) BSO @ 1.0940 (216m)
(1) BLO @ 1.0920 (1H)
(5) SL @ 1.0895 🚫
ADDITIONAL INFO:
🌟 The overall trend is an uptrend (UT), however the correction to the downside seems to be finished and the uptrend is resuming.
(1) If Price Action (PA) pulls back (PB), I'm hopeful that we'll be able to catch the continuation of the uptrend (UT) with this Buy Limit Order
(2) Assuming Price Action stays bullish, this Buy Stop Order is in place to try to capture the uptrend continuation (UT)
(3) The 1-hour chart shows a modest Supply Zone, therefore let's cut 50% off our position at TP1.
(4) Since it's possible that the Pivot High (PH) on the 1-hour chart will function as Resistance, we'll be closing our long position at TP2 and looking for a new entry point.
Trade active
+SL @ 1.0966 [i.e., Manual Trailing Stop]Here is an updated video of my Chronological Analysis:
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.