The long anticipated bearish retracement came through. Price met my bearish target from previous analysis (see referenced ideas) at 1.1881 and broke structure on the H4.
For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298.
My idea for potential price behaviour using the path I drew is just taking advantage of the demand and supply zones between targets. Price action can change.
As always, trade cautiously.
For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298.
My idea for potential price behaviour using the path I drew is just taking advantage of the demand and supply zones between targets. Price action can change.
As always, trade cautiously.
Trade active
1h is still very much bullish. I am buying for nowTrade active
:)Trade active
Trade active
After this, I would wait to see if there is a 15min BOS lower.Trade closed manually
Price closed me out at BETrade active
I entered a sell positionTrade active
A bit of consolidation there. Would move SL to BE soon. Note
My outlook for this morningNote
Ha, seems I overlooked the trend. I would be looking for a 5mins break of structure for entry.Trade active
I took an entry, but I am still waiting of the 5min BOSTrade active
It's possible price might take out liquidity before the next bullish move.Trade active
Price did not pan out like anticipated. I am currently sell to the break of lowTrade closed: target reached
Yea...this is starting to look like a reversal. Would be looking for buying opportunities in NY session.Note
wow, no buy opportunity.Trade active
I bought.Order cancelled
Price hit BENote
I can see a 5mins structure. If we can get another BOS Lower, that would be confirmation to sellTrade active
Last trade of the day.Trade closed manually
So choppy, I have closed my trading for the day.Note
Following my earlier analysis and identification of the Head and Shoulder reversal pattern (scroll up), I can see price forming a distribution schematic. Target is at around 1.1923. I would like to see a 15min BOS for a sell entry.Trade active
I took a sell position, however, I am now watching for a 15mins BOS.Trade active
I think there might be a pullback for more bearish action.Note
blast I missed that move. with this expansion, we might still get liquidity taken outNote
hmmm, I would be looking for a pullback hereTrade active
Nice! Took the entry.Trade active
As NY session begins, I would be expecting this sort of Price action:Note
Trade active
I took this entry.Note
We still need a 5min BOS.Trade active
Good 5mins BOS. TheTrade active
No more new positions for the day, would just monitor this one. See you tomorrow.Note
Good morning...I am afraid we might not see the sells we've been anticipating. Currently Price action is looking to break highs. This is what I am expecting with current price action:Note
Before I discard the sell idea, I can see that price did not give the 15mins confirmation structure. If we can have a 15mins distribution without breaking the LH, I would be interested in selling.Note
For now, all sell ideas are suspended. I would be anticipating this price action.Note
hmmm..Trade active
First position of the day.Trade active
I closed the previous entry at loss because because price was looking bearish and had violated a serious low. And then, I re-entered the buy, because price did not break the low. This is the life of a precision trader. You dont play with your stops when price invalidates a setup. it is better to bear a small loss, than a huge drawdown which might also turn out to be a loss.Trade closed manually
Closed the trade at BE.Note
I would be looking for a 15mins retest, before the next bullish run.Trade active
I took a sell entry.Note
Price has broken multiple lows, If are going to see more sells, I would be looking for distribution around the nearest daily resistance (38.2%), else I would be looking for a bounce for 15mins BOS to move higher.Trade active
This does look like the 3-drive reversal structure. I would be watching for a change of character.Trade closed: target reached
I would be watching for this price action:Note
I would be watching for this:Note
Cancel the previous setup. I think, we are ready to buy. Waiting for a retest.Note
The picture price action is painting is a sell rather than a buy!Note
i sent the wrong chart in the previous post. Price action has invalidated the sell. would continue waiting for a retest on the 15mins.Order cancelled
Buys are cancelled. That's all for my post for this week. Enjoy your weekend.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.