This is a counter trend analysis so if you decide to take this use proper risk management.
thought process is strictly price action with the order blocks potential take profit zones. Scale in at your own risk.
Noticed an inverted Head and shoulder pattern on the daily time frame. Modify your entry positions
After the formation of a Head and Shoulder pattern, a noticeable zone housing both supply and demand orders... which way do we go... Let the market show it's hand
This chart analysis is solely based on price action concepts. Price has respected the trend line a number of times. If the trend line/zone is broken, then I'd revert to looking to trade the break out down to fill the imbalance left by price
The notables.... analyzed the basic price movements to generate this trade entry and exit signals.
The notables.... analyzed the basic price movements to generate this trade entry and exit signals
The notables. analyzed the basic price movements to generate this trade entry and exit signals. Better seen on the 15mins TF for a short play RISKY. Overall trend is bullish!!!!!
The notables. analyzed the basic price movements to generate this trade entry and exit signals