
Major Swing Trade. Buy Stop (Pending order) 622 Pips Take profit and 192 Pips Stop loss
Lets see if the power of the cloud will push this thing up
Lets bring price back to the equilibrium
SELL EURUSD FOR PUSH BACK TO CONTROL PRICE OT DEMAND ZONE
Markup explains entry and reasons for entry.
Here we can see the perfect setup for the ABCD pattern with our channel.
Once trend line is broken and cloud is broken we are able to sell to bring price back to support which on the 8 hour chart also correlates with the cloud
We are expecting a bounce on these Monthly support and resistance levels.
We have hit our monthly support level and the asset is oversold looking to bring price back to resistance.
Today we experienced a major drop of over 120pips. Traders will be taking profit closing out for the weekend and Price is expected to retrace back to that control price.
Monthly trend line was broken Price has broken previous support and we are in a surplus
Price is below the Ichimoku Cloud Price is in the deficit area Price There was a counter trend break on 15 minutes chart in the deficit area Price expected to retrace to the 50% level.
Price is below the Ichimoku Cloud Price is in the deficit area Price There was a counter trend break on 15 minutes chart in the deficit area Price expected to retrace to the 50% level.