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Onegoodtrade

EURUSD-Daily Chart Trade Ideas and Analysis Jan 8th-12th 2024 Weekly Chart Analysis Current Possible Trade: Long: If Price stay around the doji candle and makes more market structure than I would take for confirmation entry long before I enter the trade. A. This would increase the probability of the trade Short Trades : I would wait for price to move down to the c.1 demand zone and look to entry on the lower timeframes Daily Chart Analysis: 1. Price is currently in between the weekly high strong (protected) swing range. Near the equilibrium of the Daily swing range. 2. During NFP on Friday Jan 5 price swept the strong lows and is currently giving us a long legged doji candle. A. From my backtest experience price will likely range a bit after this candle formation.
by Trader_Miles
EURUSD Jan 8th-12th 2024 Weekly Trade Setup-LONGJan 8th-12th 2024 Weekly Trade Setups See blue long trade 1. Long Play: C- Probability due to being counter swing and counter Internal. The main reason to trade this would be the trade has momentum more bullish than bearish. 2. This would be an investor trade. Very Long Term Entry Price: 1.08729 Stop Loss: 1.05789 Take Profit: 1.13105 or trail the trends and scale in when all risk is off the table Please Follow me: I would love to scalp live on tradingview Jan 8th-12th 2024 Weekly Chart Analysis 1. Price is in the weekly internal break of structure (See Green 1 for Reference) and ranging between the equilibrium of the weekly Ibos strong (See 2 for Reference) and the weekly Ibos low Weak (See 3 for reference) 2. Price is currently in the weekly A.1 Supply Zone with momentum to the upside. (See 1 for reference) 3. Price has had a change of character to the bullish upside in the weekly I-Bos swing range (Between 2 & 3) 4. As of Jan 06rd 2024 the weekly i-bos (Green 2 for reference) is protected and is the strong structure . 5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates. 6. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)
Long
by Trader_Miles