What does a close above one-hour resistance do in Forex trading?
What does the one hour do we have the one-hour resistance here it’s probably going to be above the one-hour resistance, to be honest, you probably need to close above the one-hour resistance and then look to trade at this 15 number, this 15 number is about 15 pips away, uh yeah, it will Looking to trade towards that number 15 and see what happens, I think early sell-offs would be if you do a 50 minute close below here would be early sell-offs that could be a little more aggressive option here, you know but that could be an option here especially if you get On a nice candle near the market, you might see that eventually gives you some downward movement here so we’ll see what happens here at the end and this is the analysis right this is the analysis and uh now we have to wait.
What does a close above one-hour resistance do in Forex trading?
I’m in this guy, do you agree with SL I’m not sure about that, let’s take a look Okay, many guys in gu, let’s take a look at gu, what’s going on in gu here, so we clicked down I need to do my analysis here, of course, I haven’t looked at you this week, so the weekly close is strong uh not strong, we’ve broken through the weekly highs, and the daily time frame is very strong bullish here kind of a breakout candle on the daily time frame here what is the 4 hours 4-hour business is showing some weakness what We still respect this.
So this is what’s very important here is that this candle is a very weak 4-hour closing candle, it’s closing within the previous bullish 4-hour candle and not even breaking these lows here, so what could happen is we could see this eventually being a setup. Three and it could fluctuate and end up setting up three going on because if we look at what the momentum is doing here we have a lot of upward momentum here so for a pullback phase to happen, which is certainly possible.
When might we end up pulling out during a Forex trade?
I feel more confident when we start to break the lows of the previous candles over at least 4 hours, uh it will give you a lot of potential for those cells to come out by now looking at a 1-hour time frame, we still don’t have a single break for the structure, if you look at the GJ sales We had a one-hour structure break, so this is important, so for me, Gu will have to give our first structure break. It seems likely at the moment that this will happen.
What do we have, our 30 still doesn’t close below, you have a 15-minute candle that closes below yeah, so this is like your breakout candle, do you have some kind of 5 minutes no-minute structure so it can pull back for 5 minutes at any time, I would say This is a little more aggressive option, it’s true that you’re not looking at a push without a pullback, oh no because basically this candle could act as consolidation, and this could just be setup number three like you said.
I’d rather see us break these lows in Forex
I think this is the point where I would expect you to know in the 5 days to see some type of pullback but you can take the aggressive option on the 15th. To get to this support let’s see how big it is and then see what happens, yes six points, you only have six points stop loss versus two target points here.
And this is your watch but you have to be very careful in this area because here you can get this reaction right and this is what you have to watch here you have to watch this reaction but yeah on the 15th face, I think you took it like this SL there and I wonder Where is this SL on top of any type of structure or anything just to protect you.
You should at least have a domain that protects you in Forex
I don’t mean you have this here so it’s okay to at least have a band protecting you so it’s okay to have two bands so it’s not bad but you can expect a pullback here now if this pullback ends, what’s important now is that in 10 minutes it’s You have a 30 and a 1 hour close and the structure of none of these candles has been broken yet so it will be important that these candles close below if they don’t close those candles below is where things start to get a little sketchy otherwise this will work its way towards the negative side.
That’s what I’m feeling, that’s what I’m looking at you know but in terms of 15 yeah, I’ve done that to get a close at 15 below as well, and yeah, what’s GJ doing now, so we’re approaching that support here, and I think it’s We can consider this exploited but it still has a way to go before it’s considered exploited and uh yeah this is the analysis guys so if you guys enjoyed the analysis you know the exercise 300 of us here appreciate everyone who shows up.
Summary
We discussed today The trading strategy trading Managing risks and market conditions, we shared our bullish outlook for forForex trading Explaining the target profit range and stop loss placement, the speaker also stressed the importance of having a clear trading strategy and risk management, and expressed his disappointment about losing trades and strange price movement in the forex market. Forex trading, but encourages patience and staying focused on the strategy. The speaker also provides advice for beginners on understanding the basics of the market and the importance of risk management. The speaker interacts with viewers and answers their questions.