Daily Time Frame:
• Market has continued to respect the daily trend line .
• Market structure continues to create higher high's and higher low's.
• EMA (blue) is above SMA (red)
4 Hour Time Frame:
• Market broke and closed above demand zone .
• Market structure is creating higher high's and higher low's.
• Double bottom forming on 4 hour zone.
• 4 rejections off the 4 hour supply/demand zone which indicates a strong zone.
1 Hour Time Frame:
• Right now we have a down trend and a descending trendline drawn but that will be our guide to get back into the upside.
• Double bottom being created on the top edge of the 4 hour demand zone . Essentially retesting and rejecting off the zone.
Only buy if market breaks and closes above the 4 hour demand zone .
* Note to always count your pip to set your stop loss. Set your stop loss below the previous low or above the previous high, and always use risk management. Live to trade another day *
• Market has continued to respect the daily trend line .
• Market structure continues to create higher high's and higher low's.
• EMA (blue) is above SMA (red)
4 Hour Time Frame:
• Market broke and closed above demand zone .
• Market structure is creating higher high's and higher low's.
• Double bottom forming on 4 hour zone.
• 4 rejections off the 4 hour supply/demand zone which indicates a strong zone.
1 Hour Time Frame:
• Right now we have a down trend and a descending trendline drawn but that will be our guide to get back into the upside.
• Double bottom being created on the top edge of the 4 hour demand zone . Essentially retesting and rejecting off the zone.
Only buy if market breaks and closes above the 4 hour demand zone .
* Note to always count your pip to set your stop loss. Set your stop loss below the previous low or above the previous high, and always use risk management. Live to trade another day *