the bigger timeframes are in uptrend and there is a pullback on the 4 hour tf so i decided to wait for break of smaller downtrend and enter after seeing a nice oppurtunity to go long with a nice rrr
i took this trade based on the top down analysis and fibonacci with structure and other factors
weekly daily and 4 hour in uptrend pullback on the 1 hour
NZDUSD MIGHT GO UP BECAUSE ITS IN UPTREND ON THE WEEKLY DAILY AND 4 HOUR AND CAME FOR A NICE PULLBACK ON THE ONE HOUR WITH FIBO ALIGNING TO GIVE EXTRA BIT OF CONFIRMATION
i saw euraud is in downtrend in weekly daily and 4 hour so i dropped down to the 1 hour and found a nice pullback to join the ride to the downside using my fibo and ema
i saw weekly daily and 4 hour all in uptrend also i noticed a pullback but i didnt enter right after i saw the pullback i waited for it to go up a little bit and then i dropped down to the 1 hour timeframe then i saw a nice pullback on 1 hour and entered long before i used to make mistake that i used to enter right after i saw a pullback on the 4 hour but now i...
its in uptrend on daily and has a pullback on the 4 hour and also respecting support zone with 50 ema
reversal on daily and continuation pattern on the hour break and retest and ema respecting
I THINK GBPCHF WILL GO LONG BECAUSE ON DAILY TIMEFRAME ITS BULLISH AND ON 4 HOUR IT HAS A PULLBACK
PRICE MAKING LL ON DAILY AND 4 HOUR PRICING RESPECTING STRUCTURE ON DAILY TF AND RESPECTING FIBO ON 4 HOUR
eurusd is in a downtrend on the 4hr and also is at a key weekly level also the price has formed double tops on the structure indicating a push to the downside in near future good luck
risk to reward ratio of 1:5 so why not ? good luck confluences - respecting key weekly level , respecting 4 hour 50 ema , respecting daily support