taking two trades hear
reason behind that is simple market in down trend making LL LH as of now its in LL Zone and theirs no strong LH so just capturing that move with two trades
In daily time frame its in down trend and in last swing it created strong demand zone so it will go to test it once just captureinig that move
in 1 hr its making Lower high and taking resistance at fib 0.6 level
On the weekly timeframe, AUD/USD approached a previously tested resistance zone around 0.63926, marked by prior price interactions. On the 1-hour chart, the price broke out above this level, signaling bullish momentum. On the 15-minute chart, a backtest of the breakout level occurred, with the price retesting the 0.63926 zone, now acting as support, before...
n a weekly timeframe, the market revisited a previously tested zone. On the 1-hour chart, it broke out of this zone, and on the 15-minute chart, a backtest of the breakout level is currently occurring. Based on this setup, I’m planning to enter a trade.
Trade Plan:
Take Profit (TP): Targeting the last swing high.
Stop Loss (SL): Placing it below the last...
Trade Overview
I'm sharing a breakout trading opportunity on the EUR/USD pair on a 1-hour timeframe, currently priced at 1.13698. This setup targets a potential breakout from a descending channel, offering a clear risk-reward scenario.
Chart Analysi
Descending Channel: The price is approaching the upper boundary of a descending channel, marked by a blue...
