Structurely on the HTF we are at monthly and weekly LH the trend has been strong for a couple years
weekly time frame we see a Potential H &S and a retest of the weekly and monthly LH
Daily we see price stalling in the zone
H4 where the entry is at the top of the consolidation
moniter H1 and lower for LTF transitions to continue entering
NFP tomorrow will be...
After this big move we find price sitting at a strong weekly level of support.
price naturally needs a pull back and being from the. HTF this can be a couple hundred pips of a pull back
M30 H1 and H2 we see clear quasi modo inverse H&S patterns which is where I entered shown in the picture
looking for a retest of the Weekly Broken support as my first target. of...
Retest of a Daily resistance turned support
multiple wick rejections
H4 level of support being held
H1 engulfing and higher floors
m30 m15 Inverse H &S and descending trend-line break momentum change
Limit and entry is at a potential retest of the trend line and right shoulder of the H&S
Price Retraces to strong support that was broken on the daily time frame create an impulse to the downside confirming sellers now in that area .
Price comes back to known area of sellers.
for entry
WEEKLY TIMEFRAME
Retesting a level of support and last week showed sellers strength at that price
Daily: created a supply zone there with multiple candles creating a bearish impulse
H4 : break of momentum trend line retest aligning with the zone
Execution :
Would like to see a m5 m15 BOS from this zone or pinbar/ reversal pattern to confirm the bias and enter the trade
