According to the previous analysis, based on the weekly analysis, we can see that I am bearish biased on this currency before we have a massive bull run.
Based on the 4H timeframe, we can wait for the price to retract up a bit, take some liquidity sweeps at the REHs ~Relative Equal Highs~ (touch the -OB ~ Order Block~) and have our sniper sell entry at 1.047 with the Stop loss at 1.050. Incase the price does not retract there, we can have our second entry at 1.037 and SL at 1.045.
Let us wait and see what this pair will offer coming next week.
Based on the 4H timeframe, we can wait for the price to retract up a bit, take some liquidity sweeps at the REHs ~Relative Equal Highs~ (touch the -OB ~ Order Block~) and have our sniper sell entry at 1.047 with the Stop loss at 1.050. Incase the price does not retract there, we can have our second entry at 1.037 and SL at 1.045.
Let us wait and see what this pair will offer coming next week.
Note
Buyside Liquidity has ben sweptNote
Sell at 1.044, sl at 1.05Note
Move SL to break evenNote
We can add a position at this stage.Trade closed manually
Close your trades.
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Related publications
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.