4HR candle has shown bullish bias after 4HR demand zone POI was tapped into. LTF scalp for about 40 pips is the goal, TP was decided on previous highs from the HTF demand zone.
Looking for a tap into lower TF demand zone to continue upward move toward previous highs. Once a 5 minute candle taps, will wait for candle close to enter long.
May 12th to 18th week was supremely bullish sweeping previous ATH to create a new one. A retracement is required for further momentum upward. OB from CPI stands to seem like a probable zone of bullish continuation.
I have placed daily Price levels that were broken last week due to news of the dollar, New trend is down. Candle stick patterns also indicate a coming down trend due to newer lower high. Expecting long term 1650 but plan on taking partials.
I am new to trading but my analysis is as follows:
I labeled key area where price liked to go, the highest level and lowest.
I then labeled a mid level that had a lot of wicks showing price likes to test this level.
I then changed to the 15min to get the last confirmation of candle sticks.
I am super new to trading and have yet to be profitable. Any advice helps.
