Weekly Bearish, Daily Bearish, 4hr Bearish Structure indicates high volumes of short positions are entered into the market. Based on market structure we should have a move to the downside from this AOI at round psychological level 144.000. Daily formed a bearish candle on the daily showing rejection from our AOI Entered on an engulfing 30 minute candle which...
WEEKLY BEARISH, DAILY BEARISH, 4HR BEARISH Structurally, price action is bearish on all major timeframes. For me all of this price action to the upside was just a technical rebound to a daily level where sellers are willing to enter short for the trend continuation of the higher timeframes. Daily formed a beautiful bearish engulfing at AOI around psychological...
WEEKLY BULLISH, DAILY BULLISH, 4HR BULLISH Formed a beautiful break and retest on the daily at round psychological level 1.38000 which is also a very strong weekly and daily support area. Price rejected a lot of times on the weekly and daily when closing below this level. Last week, we closed above so I'm looking for buys. Daily structure shows bullishness....
WEEKLY BEARISH, DAILY BEARISH, 4HR BEARISH The break and retest on the daily of the WEEKLY and DAILY AOI which also has a round psychological level @ 1.38000. Early in the morning before Frankfurt and London Session, price broke down and formed a beautiful engulfing candle on the 4hr timeframe which supports the idea that sellers are starting to enter the market...
Weekly Bearish, Daily Bearish, 4Hr Bearish At the beginning of the week I had my eyes on this setup, and I believe the high impact news this week will be taking us to the next Daily Support at 0.87366 minumum. It formed a beautiful head and shoulders pattern on the daily retesting the previous structure point low. Daily TF confirmed my bias on monday this week...