NZDJPY - PipsPayTheBills - Price Action - 4H TimeFrame
NZDJPY - PipsPayTheBills - Price Action - 4H TimeFrame
Please look at how additional levels were added using the green line when we went to 4H TimeFrame.
This helps us Take Profit at different Levels in our 4h Time Frame. it also helps in setting SL and getting right entry.
You can see that this also revealed that we are at LEVEL where we could reverse or breakout upwards.
We are awaiting signals and trigger to determine the direction of the trade.
if price breaks through B, my TP 1 will be K and Tp2 will be C.
If price engulfs in a bearish form, i will trade a sell with TP1 at A and TP2 at D.
Since the current trend is Bullish than Bearish, I will have a Sell Stop 3 Pips above the Bull Fractals.
My Stop Loss will follow the same principle explained in Daily Time Frame.
TP1 at K , Tp2 at C.
Please look at how additional levels were added using the green line when we went to 4H TimeFrame.
This helps us Take Profit at different Levels in our 4h Time Frame. it also helps in setting SL and getting right entry.
You can see that this also revealed that we are at LEVEL where we could reverse or breakout upwards.
We are awaiting signals and trigger to determine the direction of the trade.
if price breaks through B, my TP 1 will be K and Tp2 will be C.
If price engulfs in a bearish form, i will trade a sell with TP1 at A and TP2 at D.
Since the current trend is Bullish than Bearish, I will have a Sell Stop 3 Pips above the Bull Fractals.
My Stop Loss will follow the same principle explained in Daily Time Frame.
TP1 at K , Tp2 at C.
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