Chart #4 Post #903 above http://www.forexfactory.com/attachme...4&d=1430914972
On the 4 Hour, market direction is Long above 1189.43 with a Retracement Level @1192.04.
We have a trade setup on the 4 Hour which reads as follows:
(1) entry between 1192.04 and 1189.43
(2) stop loss below 1188.67
(3) take profit 1197.27 (i.e. 8 Hour Short level).
On the 8 Hour, the market is Neutral (i.e. neither Long nor Short) between the Short level @1197.27 and the Long level @1192.85. The market returns momentarily Long above 1197.27 and momentarily Short below 1192.85.
The Day is in the Bearish Consolidation zone between the Short level @1197.61 and the Long level @1194.57. The target for the Bullish retracement is 1197.61.
The Week is Bearish below 1197.92 towards Demand @1165.74.
On the 4 Hour, market direction is Long above 1189.43 with a Retracement Level @1192.04.
We have a trade setup on the 4 Hour which reads as follows:
(1) entry between 1192.04 and 1189.43
(2) stop loss below 1188.67
(3) take profit 1197.27 (i.e. 8 Hour Short level).
On the 8 Hour, the market is Neutral (i.e. neither Long nor Short) between the Short level @1197.27 and the Long level @1192.85. The market returns momentarily Long above 1197.27 and momentarily Short below 1192.85.
The Day is in the Bearish Consolidation zone between the Short level @1197.61 and the Long level @1194.57. The target for the Bullish retracement is 1197.61.
The Week is Bearish below 1197.92 towards Demand @1165.74.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".