Major Trend is bearish 4Hr made a Lower Low Confluence Zone (in purple) drawn by pendulum fork & Standard fork 4Hr created a Fractal Candle 4Hr created a Reversal Divergence in confluence zone 4Hr rejecting from Resistance & Confluence Zone Above conditions signal a potential change in direction Tp defined by Fib retracement main levels.
Major Trend is bearish 4HR reversed as projected on my previous analysis 4HR broke thru both 4Hr supports converting them into resistances Confluence Zone (in purple) Projected between 1.33300 & 1.33000 To buy I will wait for reversal signs (in yellow comment box) this might be just a pullback. Remember that important news are due on Wednesday so might be best...
Major Trend is Bullish 4Hr made a higher high 4Hr reversed on Daily Resistance 4Hr broke thru 4Hr resistance 4Hr touched confluence zone drawn by a slopped wash line/wash line & Frequency line 4Hr Created a Bull Divergence along with a Bullish Hidden Divergence To Buy I will wait for a retest on the confluence Zone or Fractal Candle on 4HR & WAIT for news...
4HR Made a Lower Low & stopped on 4HR support 4HR created a Divergence in minor flow which might signal a pull back 4HR downtrend continues due to divergence on major flow and rejection on slopped wash line (in yellow) that happened last week. To Short WAIT for pullback of price to pitchfork's upper Edge & retest Daily resistance (Note the frequency of the...
4HR Made a Higher High 4HR broke thru Major sloped wash line (in Yellow) 4HR top candle tails rejecting from weekly resistance & Pitchfork edge Major trend continues bullish to trade pullback wait for additional signals (inner candle+Fractal candle+Divergence) be conservative and trade short only for pull back If Sell: SL could be placed on top most whick of...
Last week: 4HR Chart Made a Lower High 4HR Chart presented an Inner Candle on Friday signaling end of trend 4HR Chart rejected from Daily Resistance 4HR Chart Presented a Fractal Candle 4HR Chart Divergence shown on Friday 4HR Chart Bearish reversal confirmed with above conditions 4HR Chart downtrend continues Sell order opened @ 1.36300 TP1 was on 1.35890 TP2...