USDTHB - long scenario

Oct 7, 2022

Hi Everyone!✋🏽

The correction of the clear uptrend is valid at the moment on the daily chart (the one I use to define the trend). Nice hammers printed on the daily, and although market may still test the daily or the weekly S/R zones, there is a chance that it may turn and go in the direction of the trend.

For it to happen, there is an early entry zone, but market is ending the correction, so it may be a sideways or zig-zag market in the accumulation zone, but once the higher long trigger zone is bought, targets are marked by the H4 target fibonacci levels.

So, it's an early idea, maybe there won't be a turnaround, but if there will be, we'll be ready to react...

ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!

Trade safe! ⚪️⚫️


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Thanks for reading my analysis!🤘🏽

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Oct 10, 2022

Trade active

2 trigger candles marked on this chart, going for the targets.

Oct 12, 2022

Note

Countertrend started, so I wait for the countertrend break.