I'm looking for price to move into the 1.205 area. If price does, then I'll wait for bull candles to form on the daily time frame. If bull candles form, then I'll move to the 1H and place buy limit orders at previous market levels.
Commento:
Many bull candles on the daily time frame throughout the month of May.
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Price levels on the 1H that could have buy limit orders placed. Stops below levels.
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Bull candle posted on the daily time frame. Moving to 1H to place buy limit orders.
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Potential buy limit entries. Stops go below level of entry. Risk should be 1/4% or less.
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Bull candle posted on daily time frame.
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Rough look at entries and stop losses on 1H time frame.
