Based on previous price action and upcoming news on Monday, my swing trade Ideology is based on a bearish sentiment. The last time we were at this price action we seen an heavy rejection.
I plan on taking a swing trade until we find another trend direction. While taking scalps at minor S&R areas.
If we close yesterday's low and deep for the week. I'll be waiting to catch buys coming back up while scalping on the way down to the next major support. Shooting to swing to the next ATH.
Higher highs, higher lows
Old resistance is now support that. Bull flag on the weekly. We had a healthy pull back for a super launch. Check you Fib on the weekly looking good
A bullish trend has went on throughout the week. I'm seeing accumulation of distribution forming so that means we well see a pullback at this even high. The high happens to between the 50%-60% on fib but with a bull flag.
Recent analysis on EURJPY bearish I plan on swing trading. My confirmations are a test and rejection at 156.56 with price action opening/closing in that area. A form bear flag along the trend line on the weekly/4hr times. TP1 is 155.015, TP2 153.151, TP3 151.443.
I want to practice a new strategy take profits along the way and start new scalp trades with mini...
Buy 300 hundred share and shave of 25% - 30% when each TP is hit. Then save 150 share and let it ride to to the supply area around 5.47. Sell 50 more shares and diamond hand the rest
Dots are the lower time of higher highs and lower lowers on. The down trend has been continuous until 30,066 where the purple zone is which an accumulation zone from 01/02/21-02/02/21. The daily trend has not broken structure down past the purple zone. 42,175 green zone will be the new support zone . My trading idea is 19,(666) ironically was a strong resistance...
