Week 40 – Scenarios

Week 40 – Scenarios

After a great week on this pair her are the scenarios I’ll be looking into for next week. Weekly levels of support and resistance haven’t, and last level of daily support got broken on friday and stopped at the weekly support level at the 1,3030 area. On this tradingview chart, price didnot close below the weekly level area, on my broker, the candle closed below that level, enough to give a bearish bias at least for monday (we’ll see then what happens and how that biais till be updated).

But quite simply put, I’ll be bullish above the 1,3030 area (and will be looking to buy for a retest of the 1,3180-1,32 area), and bearish below the 1,3030 area (and will be looking to sell for a retest of the 1,2860-1,2790 area).

I’ve seen significant improvements since I include those higher timeframe biais in my trading, keeping out of high probability losing trades and setting me up for the high probability winning ones.

Have a great rest of the day!