SETUP IM LOOKING TO TAKE PART IN ON EUR/USD
EUR/USD 1H - As you can see price has gone and broken structure to the downside, suggesting that price is putting in a corrective wave, I would like to see price pullback slightly allowing us to get involved.
Now price has broken structure we can expect price to pullback to set a new Lower High, this is where we will be looking to take part in our short positions from, taking advantage of the corrective wave thats taking place on the higher timeframes.
Taking part in short positions here we are able to get involved in a refined entry keeping our SL tight. Our TP will be set in an around the Demand Zone as I am expecting that once price trades down and into this price will then carry on with its higher timeframe journey.
Once price has traded down and into the Demand Zone we will look to take part in long positions taking full advantage of the next bullish wave thats taking price higher on the higher timeframes.
Now price has broken structure we can expect price to pullback to set a new Lower High, this is where we will be looking to take part in our short positions from, taking advantage of the corrective wave thats taking place on the higher timeframes.
Taking part in short positions here we are able to get involved in a refined entry keeping our SL tight. Our TP will be set in an around the Demand Zone as I am expecting that once price trades down and into this price will then carry on with its higher timeframe journey.
Once price has traded down and into the Demand Zone we will look to take part in long positions taking full advantage of the next bullish wave thats taking price higher on the higher timeframes.
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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.
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.