Weekly Trend - Up ; At Supply Zone
Daily Trend - Consolidating ; Broken Up Trend Line
H4 Trend - Down
I want to see a clean break below the orange line for a short term trade down to Take Profit 1. Trade will not commence if there is no closing break. Entries will be at either Entry 1 or Entry 2 whichever comes first.
Daily Trend - Consolidating ; Broken Up Trend Line
H4 Trend - Down
I want to see a clean break below the orange line for a short term trade down to Take Profit 1. Trade will not commence if there is no closing break. Entries will be at either Entry 1 or Entry 2 whichever comes first.
Order cancelled:
Price action didn't look viable...
There is always another opportunity
There is always another opportunity
--- Current Analysis ---
Weekly chart seems to suggest price might reach Take Profit 2.
Last Daily bar seems to suggest that buyers might be coming in but there is still a clean break of the demand zone.
Will consider Entry 1 or 2 based on price action now. Preferably at Entry 2 so as to have more room further down. Initial Idea still stays the same.