Top Down Approach:
Identified the weekly target which is the top resistance level @ 1.36495 - Blue
Identified the weekly strong uptrend = 4 touches
Identifiedweekly key level @ 1.33245
key level 1.33245 is keeping price below, not allowing the swing to upside of the uptrend challen
Daily confirms the above - only long this pair when daily candle closes above 1.33245 and the wick rejects
High Risk: Note the fakeouts to the left on daily, ensure R&R is tight and if not don't trade it!
Identified the weekly target which is the top resistance level @ 1.36495 - Blue
Identified the weekly strong uptrend = 4 touches
Identifiedweekly key level @ 1.33245
key level 1.33245 is keeping price below, not allowing the swing to upside of the uptrend challen
Daily confirms the above - only long this pair when daily candle closes above 1.33245 and the wick rejects
High Risk: Note the fakeouts to the left on daily, ensure R&R is tight and if not don't trade it!
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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.