In short, here’s the PIEVERSE 4H summary:
bias: LONG, but waiting
current condition: price is 1.1053. still in an uptrend above all the MAs. it has already risen 14% to 1.2186
plan:
1. conservative long: entry 1.00 - 1.05, SL 0.98, TP 1.15-1.20 and 1.25-1.30
2. aggressive long: entry on break 1.12 - 1.13, SL 1.04 - 1.05, TP the same
3. short: only if a 4H close breaks below 0.98
the main point: don’t enter at 1.10. wait for a pullback or confirm the breakout first
bias: LONG, but waiting
current condition: price is 1.1053. still in an uptrend above all the MAs. it has already risen 14% to 1.2186
plan:
1. conservative long: entry 1.00 - 1.05, SL 0.98, TP 1.15-1.20 and 1.25-1.30
2. aggressive long: entry on break 1.12 - 1.13, SL 1.04 - 1.05, TP the same
3. short: only if a 4H close breaks below 0.98
the main point: don’t enter at 1.10. wait for a pullback or confirm the breakout first
