drop down to lower timeframe for confirmation if market manage to come to that 30m demand. I hope you life the analysis do press the follow button for more such trade idea breakdown in the future.
In 30m timeframe i got a nice trade idea for this pair if it will work out as planned then targets are pretty massive. lets wait for the market to come to that demand then i will look for some confirmations in lower timeframe (1,3,5m) for entry. if you like the analysis do follow me fore more daily trade ideas. I hope you have a profitable week
eurjpy sell trade analysis from higher timeframe to lower timeframe breakdown
as you know the overall eur/usd in bearish right now .as dollar is strengthening all dollar related currencies like gbp/usd ,eur/usd , and nzd/usd are loosing their value so overall i am looking for short position next week. the idea formulated when in 1h timeframe market is uptrend forming HH and HL to now break a HL (wick break ) which kind of confirm that...
HTF bias into LTF confirmation , classic mitigation.