09/10/24 EU Swing

10 sept

I am a dynamic trader to start off.

I saw that on the daily (yellow line) we are starting to show exhaustion and with 1h left on the daily at the writing of this we are showing that with the news tomorrow there could be a push up and break the area to transition back into the uptrend.

I am using the daily for my overall higher timeframe to base my move on and that shows the clearest structure. I am then using the 4h (orange line) to see a bit more information and use that as a premise for my overall moves and transitions within the overall trend. I am then using the 1h and below to track transitions and see how the overall flow of the lower timeframe is.

The lines places are tracking the support and resistance and are dynamic (meaning I move them as the candles close) this will let me know what areas are being broken and help me to keep track of the market

10 sept

Nota

Also meant to put that the red lines are me tracking the 1H (red Lines) and I am using that as sign for transitions that could lead to a higher timeframe transition

11 sept

Operación cerrada: precio stop alcanzado

SL was hit and pushed past 9 pips before the market reversed