EURUSD 29/01/2023

업데이트됨

*for my own journaling purposes*
*Blessings*

Daily:

Daily Trend = Bearish
Internal 4 Hour Trend = Bullish
Fractal = bearish

On the daily timeframe, the fractal structure will include the lower timeframes such as 15 / 5 min.

Price is back to discounted 4 hour demand.
The expectancy is that price should react here. Knowing that the daily pro trend is bearish, the 4 hour trend is expected to break structure to the down side at some point.
So the question is, does this 4 hour demand hold?
We will need the fractal structure to change bullish before taking any longs.

4 Hour

Trend = Bullish
Internal Trend = Bearish

The internal trend is pulling back to 4hr demand.
Unmitigated 4hr demand sits below.

M15

Trend = Bearish
Internal Trend = Beairsh

Price has created breaks of structure to the down side, with 4hr demand sitting below.

Considering the daily pro trend is bearish, I want to see 4hr demand mitigated before taking long on bullish change of characters that we may find on the lower internal timeframe (5min).
The internal structure here is bearish, with price printing a clear supply chain.
Expectancy is for price to take out M15 weak lows and push into extreme 4hr demand.
There after, only look for lower timeframe changes of character for longs.

노트

Ideal entry example:

Asia high swept, fractal BoS on the M1. Continue bearish order flow as on M15 and M15 internal.
Target Asia lows TP 1 for 8RR
Target M15 weak lows TP 2 for 30 RR