xauusd short this one with an updated sl -------
xauusd trade short bearish trend shorting off orderblock
MONTHLY TIMEFRAME SHOWS THAT WE HAVE MITIGATED HIGHS AND ARE NOW LOOKING AT A BEARISH SEQUENCE WITH THIS INFORMATION WE HAVE SCALED IN ON LOWER TIME FRAMES LOOKING FOR SHORTS ENTRY - 152.594 SL - 153.094 TP - 148.842
EUR/JPY In this pair it is clear to see that momentum has shifted from being bullish to becoming bearish Previously we can see that we consistently creating higher highs and higher lows indicated by the green boxes We then under went and exhaustion of the bullish pressure, then going to create a Wykoff Distribution schematic indicated by the blue box we are...
Market is moving to a respected structural zone on the 240 chart. Looking for a trend reversal as resistance zone has been met.
All 4 Lines placed show major structure levels which hold extremely high integrity seen within many instances in the near past. These various instances have been displayed through the orange boxes highlighting candlesticks which have retracted to resistance Or bounced of support points, we are looking for history to repeat itself within this short position...
There could be a trend reversal as resistance is soon to be met It could retract somewhere within the greenbox between the 38 and 50 fibb These fibbs support both support and resistance in previous structures which give them more credibility It would then be very likely that previous structure highs will be met
Testing previous resistance levels and has hit the 38 fibb level. Possible outbreak to the bullish side.