EURUSD: MARKET ANALYSIS
Q) WHAT IS THE CURRENT STATUS OF THE MARKET AND PRICE:
1. The price has been making higher highs and higher lows in the 1HR time frame
2. All the higher highs and the break of structure has been done with long bullish fvg, indicating the presence of smart money
3. Now the market is taking a short term retracement, so wait and the take a long entry
Q) WHEN TO TAKE THE ENTRY ? HOW TO KNOW THE SHORT TERM LOW HAS BEEN FORMED?
1. Go into the 15 min time frame which is bearish as its been making lower lows
2. Wait for the price to make a Choch in the 15 min timeframe after which it will align with the 1 hour time frame bullish bias
3. then take a low risk high reward entry in the 15 min timeframe.
Q) WHAT IS THE TARGET?
1. Target the previous highs in the 1Hour timeframe as target 1,2,3 etc and take your profits accordingly based on Your risk capacity
1. The price has been making higher highs and higher lows in the 1HR time frame
2. All the higher highs and the break of structure has been done with long bullish fvg, indicating the presence of smart money
3. Now the market is taking a short term retracement, so wait and the take a long entry
Q) WHEN TO TAKE THE ENTRY ? HOW TO KNOW THE SHORT TERM LOW HAS BEEN FORMED?
1. Go into the 15 min time frame which is bearish as its been making lower lows
2. Wait for the price to make a Choch in the 15 min timeframe after which it will align with the 1 hour time frame bullish bias
3. then take a low risk high reward entry in the 15 min timeframe.
Q) WHAT IS THE TARGET?
1. Target the previous highs in the 1Hour timeframe as target 1,2,3 etc and take your profits accordingly based on Your risk capacity
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.