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BOS

2 Sharks 🦈 (Bearish to bullish)USDCHF - Price created a new weekly low at the .886 from the previous low. Weekly PA is bullish so I expect price to reject from this zone and head towards the highs (Or at least the quaterpoint the red line). We have a Daily shark pattern that completed right on the weekly low and we have a break in the lower TF bearish momentum. We have a 1H BOS which is another indicator of a possible reversal, so I will wait for the price to return towards the D point/lows and then start looking to take this long. Whats your thoughts?
Long
by benalistarfx
2
Market Structure Simplified It is easy to get confused with overflowing information about market structure in the trading world. To simplify things we have come up with a way of analysing market structure simply by marking each high or low. In this particular example, you can see that higher lows were being created all the way down the bearish trend, so we knew that it was a seller's market UNTIL we got our break of structure . When the BOS became apparent, we began to shift our attention to the possibility of reversals and used our magic tool, the Fibonacci. This technique can be used in any trend, try it for yourselves! Please, support this post with a like and comment!
Education
by AlkalineFX
84
USDCHF - Looking for Reversal in the Following WeekUSDCHF SELL LIMIT @ 0.92917 Stop Loss: 0.92998 (Add Spread) TP 1 (1R): 0.92837 (20%, SL → BE, Scalp TP ) TP 2 (3R): 0.92677 (30%) TP 3 (5R): 0.92516 (30%) TP 4 (10R): 0.2115 (20%) Explanation: Looking for price to test this resistance area in the late into this week or at the start of the 26th week. The rejection from the level might suggest we will get some impulsive price action from the level. Will enter after seeing confirmation in the form of BOS or a Wyckoff schematic of some sort.
Short
by lakishnarayan