The daily and weekly is in strong buy trend. Going down to the lower time frame the market has just reversed from a bearish to a bullish market. So we are on this trade. We will look for another entry even if stop hits.
The market came and retested the trendline again in 4hrs. So we went down to the lower timeframe for entry. After the breakout of previous resistance in 30 mins we took this trade with a very good 1:2 risk to reward.
we took this trade very earlier before and got stopped out. So we are in this trade again.
Downtrend in the daily timeframe. Going down to the lower timeframe market has shifted from a bullish to a bearish market after a small sideways.
comment down below if you want me to make an analysis video and to know why we shited from a buy-side to sell-side.
EURUSD is in a strong uptrend in the daily timeframe and came down for a deeper correction. Going down to the lower timeframe the market has shifted from a bearish market to a bullish market. That is the reason we are in this trade.
The daily and weekly shows that the NZDJPY is in a strong uptrend. Going down to a lower time frame the market is in a correction of the uptrend and also using fib retracement the market has exactly taken 61.8% retracement and started to move up.
The market has provided a nice impulse move towards the upside and came down for a minimum retracement at a 38.2% of fib retracement on a weekly time frame. Going down to the lower time frame the market has shifted from a 4 hr bearish market to a bullish market. So we took this trade with a good 1:2.5 risk to reward