We are in a strong weekly SUPPORT that the market has tried to break since 2015 but fails to break it.
Im mseeing lots of confluences on that particular POI ZONE. To start, the Weekly and Daily is bearish so 4h is just a bullish retracement before the main trend acquire and they are market inefficiency that need to be taken out in the downward position
This is made with a strategy called TF CONFLUENCE. Base on the exact positing of the market and knowing that the market is preparing a big move. The confirmation was made from 3 different TF. SO let see what happens
In a daily and in 4h TF we know that the Trend is a strong DOWNTREND. The market took out the liquidity that was down before going up. But market never follow one direction it always goes up and down so in this situation market gonna leave clues on the next direction. I've notice a particular zone that the market has a high probability to reverse so that will be...
AUDCHF has been in an uptrend for quite some time now. I don't want to use the old cliche of what goes up must come down but in this particular pair we will be expecting a downward from the white Major leven drewn above the price. Buyers momentum is dying and seller are diving in.
My weekly major level is drawn with the orange line up above and we can see how price keep reaction to that line. In that same spot, we have a confluence with both supply and OB for a SHORT down movement.
We already know that the market is an upward trend but before it continue to the upside they are liquidity that needs to be taken out first before trend continuation. We will be goin for short retracement to the downside first.
Yesterday was really a great move withe the news that made tha pair to really fall to downside. Ith that in mind, the market never goes to one direction so we will be expecting a new move to the upside but before the move, the market needs to take out the remaining Liquidity below to then remove all the imbalance that was left due to the big move.
I am noticing the sellers has start leaving the market and buyers are now entering the market for a short term. the last candle will retrace a bit as prove of loss momentum before going down
Base on STRONG move to the downside, wecan easily spot an IMBALANCE on the market and we can also notice how the market is goin up and filling those imbalance. After taking out those liquidity up, we will be expecting a down move.
We can expect 2 scenarioss from this pair and base on how it falls, it is likely to go back up with this same momentum, The 2 scenarios has been place in form of DEMANDE and SUPPLY zone and the first entering will be triggered with our SFP line as extra confluence, the market won't make lots of move now so I suggest waiting for LONDON session before opeining the trade
WE WILL BE EXPECTING A HIGH PROBABILITY MOVE TO THE UPSIDE. BASE ON THE CHART WE CAN ALREADY DETERMINE THE MAIN TREND IS UP ON THE 4H CHART, ON THE 1H WE ARE NOTICING A RETRACEMENT TO THE DOWNSIDE BEFORE IT CONTINUE TO THE UPSIDE. AND THE MARKET IS IN THE PARFECT ZONE TO GO UP. EASY PROFIT TRADE.
If you check 1H TF, you will see a pure cofirmation for a buy market and on the 4h chart we are getting an extra confirmation from candlestick telling us to buy. We will wait for the 4h candlstick to finish then we dive in. If the 4H TF did not end with bullish engulfing, we dont enter the trade.
MARKET WILL CONTINUE ON A DOWNTREND, WHEN CHECKING LOWER TF, I RECONGNIZE SOME CERTAIN PATTERN THAT HAD ALREADY HAPPEND BEFORE AND USING CANDLSTICK PATTERN FOR EXTRA CONFLUENCE IT IS PROBABLE MARKET WILL CONTINUE DOWNWARD
WE WILL BE EXPECTING A DOWN MOVE, MY TRENDLING AND CANDLSTICK PATTERN CONFIRMS IT USING THE OWER TF AND HIGHER TF AS A GUILD
WE WILL BE EXPECTING AN UPTREND, MY CONFIRMATION CAME FROM 3 DIFFERENT TF.