LONG - FRA40 (H4) (26 May 2023)
Updated
SWING TRADE - FRA40
Weekly Chart
- Price is still going up
- Price is currently correcting, and is expected to go up since it breaks the Historical high price point
In Daily Chart, price is out of alignment and is correcting
- price is expected to bounce back from Daily Demand zone
- a potential buy trade can be found inside the zone
In H4 Chart,
- A potential buy trade can be found at the bottom.
- The zone above is tested,hence not a good zone to buy from
Weekly Chart
- Price is still going up
- Price is currently correcting, and is expected to go up since it breaks the Historical high price point
In Daily Chart, price is out of alignment and is correcting
- price is expected to bounce back from Daily Demand zone
- a potential buy trade can be found inside the zone
In H4 Chart,
- A potential buy trade can be found at the bottom.
- The zone above is tested,hence not a good zone to buy from
Note
Daily and H4 pending orders are placed on 26 May 2023Trade active
Trade activated; price is triggered in D1Note
Still in the trade and in profitTrade active
Note
Trade was closed in advance.However, I expect the trade to continue as per analysis.
A new analysis will be done to find new buys for this pair.
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.