EUR/USD 4 week chart analysis of price action
EURUSD 4 week chart analysis of price action
You'll see a horizontal line of supply in red & demand in green on the 4-week chart prior April 30th. April 30 new releases should be considered when studying this chart.
The following lines in red are retracing areas of interest filtered through a minimum of 90 or greater pip price action.
Below that is a demand line and green. This chart analysis is most useful for observing London to the NYC trading session for breakout out entry or stop loss for scalpers.
Using multiple time frames would help confirm certain strategies when utilizing this type of chart analysis for breakouts from trading zones.
Along with using a negative correlation with a higher time frame to confirm the short term window trading a breakout. Ex; EURUSD negative correlating pair would be (USD/cad or USD/CHF) with a standard deviation of greater than 85%.
If, you have further questions please feel free to message me chat through Tradingview and any feedback.
Thank you and happy 💹 trading!
You'll see a horizontal line of supply in red & demand in green on the 4-week chart prior April 30th. April 30 new releases should be considered when studying this chart.
The following lines in red are retracing areas of interest filtered through a minimum of 90 or greater pip price action.
Below that is a demand line and green. This chart analysis is most useful for observing London to the NYC trading session for breakout out entry or stop loss for scalpers.
Using multiple time frames would help confirm certain strategies when utilizing this type of chart analysis for breakouts from trading zones.
Along with using a negative correlation with a higher time frame to confirm the short term window trading a breakout. Ex; EURUSD negative correlating pair would be (USD/cad or USD/CHF) with a standard deviation of greater than 85%.
If, you have further questions please feel free to message me chat through Tradingview and any feedback.
Thank you and happy 💹 trading!
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