Basically this is what I do.
I draw this main levels for the week/month and most of them should play.
The most risky one is the one right know at around 1.124 since it is a 4h level but it still should work since we just bounced a major weekly level.
I doubt very much that we are just going to tear through the local highs because of other reasons so I really...
After my GBP trade from Friday that I shared here is a proper hedge short for it. I am personally still long with my stop beeing far in profit.
The upper level at 1.25 I drew is a good hedge for this trade. Depending on what the PA will be doing the next couple candles the lower level might be an entry to scale in long but first we would need to gain...
1. the level at 1.34 might be okay to long depending on momentum and the next couple candles
2. the real important level is the zone lower which is a very safe trade with an easy stop / really hoping they won't hold the current swing but if they do there is a clear entry for you
since the weekly tagged a prior high, daily low gained and held, 4H didn't close below and now gaining the low I believe we should move higher
I am personally using smaller risk here since I still want to see us get a bit lower before making new local highs
When markets open if they don't gap down we should see a fast retest of my marked range where there are a lot of nice entries. Most likely they only get the bottom entries and dump from there but shorts here look very juicy
