SSO1 @ 1.0585 ⏳
SSO2 @ 1.0575 ⏳
TP1 @ 1.0560
TP2 @ 1.0533
TP3 @ 1.0515
TP4 @ 1.0485
Unfortunately, PA pulled all the way back to our +SL and we only made +3 pips. So, let's try this swing again.
SSO2 @ 1.0575 ⏳
TP1 @ 1.0560
TP2 @ 1.0533
TP3 @ 1.0515
TP4 @ 1.0485
Unfortunately, PA pulled all the way back to our +SL and we only made +3 pips. So, let's try this swing again.
Note
📈 FLIP ZONE 📉
A flip zone is a price level where there is a significant shift in supply and demand. This can happen when price is moving in one direction and reaches a level where there is a lot of resistance or support — in our case, resistance
If buyers are unable to overcome this resistance, price will most likely reverse and return to the DOWNTREND direction.
Note
-SL @ 1.0617 🚫
SSO1 @ 1.0585 📉
SSO2 @ 1.0575 📉
TP1 @ 1.0560
TP2 @ 1.0533
TP3 @ 1.0515
TP4 @ 1.0485
ADDITIONAL INFO:
📉 Both of our Sell Orders have been triggered
📈 PA pulled back about -21 pips and put us in drawdown
⏳ It's time to exercise PAYtience™
🚫 If our -SL @ 1.0617 is triggered, then I'll be placing the same SSO @ 1.0585 to try and catch the drop again.
Note
I'm back in my EURUSD short with:
SSO @ 1.0600 📉
Trade closed: stop reached
🚫 -SL @ 1.0617 was triggered AGAIN 😡
🤔 PA moved about 25 pips above our Pivot High which means the curve is changing and that we need to re-evaluate it.
📊 The war has also lead to increased volatility in the market, as investors react to the latest news and developments.
⚠️ These developments could make it more difficult to trade, and could lead to larger price swings.
🛡 Risk-Management is vitally important at a time like this
✍️ STANDBY FOR AN UPDATED ANALYSIS
Note
EURUSD...Curve Analysis (216m)
🤔 It appears that PA is reacting to the curve found from the PL @ 1.0449 up to the PH @ 1.0737
📉 Based on the current position of PA, it's possible that it is still shorting;
⚠️ However, the next area of importance houses two critical levels:
(1) Demand Zone and
(2) Major Support Level
🤝 Together, these two critical levels could be the catalyst to continue the UT.
📈If price opens/closes ABOVE 1.0640, we should anticipate a continuation of the UT
📉 If price opens/closes BELOW 1.0554, we should anticipate a continuation of the DT
🔑
DT = DOWNTREND
PA = PRICE ACTION
PH = PIVOT HIGH
PL = PIVOT LOW
UT = UPTREND
Professor C. E. Ward
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.
Professor C. E. Ward
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.