If you’ve been following this move from the start, then you already know where we are now, potential Phase 2 Buy.
From the previous analysis, price has done exactly what we anticipated, selling down into the demand zone, and this is where I’ll be looking to get involved on the buy side in the coming hours.
Entry Plan
Entry: 1.6685
Negative Exit: 1.6294
Target to keep and Eye on
T1 @ 1.6681
T2 @ 1.6961
T3 @ 1.7240
I expect momentum and volume to start picking up on the buy side from 22nd April, and this move could run well into May.
If this plays out the way I’m seeing it, we should also start seeing weakness on Gold. I’ll break that down separately.
If we are wrong, our risk is well defined and controlled.
I'll keep here updated
Patience is the Way!
Ieios
From the previous analysis, price has done exactly what we anticipated, selling down into the demand zone, and this is where I’ll be looking to get involved on the buy side in the coming hours.
Entry Plan
Entry: 1.6685
Negative Exit: 1.6294
Target to keep and Eye on
T1 @ 1.6681
T2 @ 1.6961
T3 @ 1.7240
I expect momentum and volume to start picking up on the buy side from 22nd April, and this move could run well into May.
If this plays out the way I’m seeing it, we should also start seeing weakness on Gold. I’ll break that down separately.
If we are wrong, our risk is well defined and controlled.
I'll keep here updated
Patience is the Way!
Ieios
تم فتح الصفقة
Update on the Setup: I can only do this update once on this Setup
Price looks like it wants to frontrun the move from the psychological 1.6400 level, bypassing our original entry at 1.6385 by about 15 points.
To avoid being completely left out of this bullish move, I’ll be dropping to the lower timeframe to look for a complementary structural shift.
With price currently capping around 1.6470, I’ll be watching for a break and close above this level on the 30min TF. If that happens, I’ll then look for a demand zone from the impulse that breaks the high, and enter on the pullback.
Risk Adjustment
If this scenario plays out without triggering the original entry:
I’ll go in with 50% of my normal risk (you can go lower, but not higher)
Keep in mind that if price later comes back to trigger the original entry, total exposure increases by 50%. So manage your risk accordingly based on your tolerance.
Probability:
From my Trading history data on this pair, I rate this setup at about a 70% probability.
If price eventually triggers the original entry, this current setup can serve as an early position to scale into the trade as it moves in profit.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.