Major long idea for EURAUD
Hello peeps,
here we have a longer term trade setup.
This trade analysis is divided in HT (higher timeframe - weekly) and DT (detail timeframe - 4h)
HT:
- bullish trend
- key W sup/res level
- touching 50 EMA
- wykoff: end of trend phase, which usually inherits a sell off and a continued contraction phase
- not a dead market with RVI > 30 (another indicator that we haven't entered a contraction phase)
DT:
- wykoff: identified last contraction phase (blue box), currently in expansion phase
- price hitting key HT supp. level
- smaller red candles and increased price action, indicating momentum loss
All the best,
c4ss10p314
here we have a longer term trade setup.
This trade analysis is divided in HT (higher timeframe - weekly) and DT (detail timeframe - 4h)
HT:
- bullish trend
- key W sup/res level
- touching 50 EMA
- wykoff: end of trend phase, which usually inherits a sell off and a continued contraction phase
- not a dead market with RVI > 30 (another indicator that we haven't entered a contraction phase)
DT:
- wykoff: identified last contraction phase (blue box), currently in expansion phase
- price hitting key HT supp. level
- smaller red candles and increased price action, indicating momentum loss
All the best,
c4ss10p314
Transaction en cours
readjusted sl to break even
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.