Please refer to the chart. Thank you.
Market creating lower lower and lower highs market pulled back to an area where sellers have previously taken control
Market creating lower lower and lower highs market pulled back to an area where sellers have previously taken control
Market creating lower lower and lower highs market pulled back to an area where sellers have previously taken control Selling pressure applied, place a sell limit if you wanna enter this trade, I am already in it, forgot to post earlier
Price pulling back to area full of buyers pressure, aggressive entry.. use low risk
GBPAUD current trend is bullish , market pulled back to an area where buyers have taken control.
Break and retest of the bullish trend Stops under exhaustion candles/wicks on 1M + 5M timeframes
4HR Trend is bearish Price has lost momentum @ our lower high (resistance level) 4HR candle closes in 20 minutes, enter if the candle rejects resistance again
We are entering this trade because there is a minor break of structure, meaning buyers are taking control. However, overall trend in the market is Bearish. Placing targets at a potential price reversal zone.
Overall trend on Weekly/Daily timeframes are BULLISH. Price created a higher high and is currently pulling back. Couple areas are marked as part of my confluence to identify where to market will potential reverse from. Once price reaches this area, we will wait for a break and retest of this level and enter the market then. Our first zone @ 109.850 has...
If price rejects 0.24000 and closes under this price, we will go into our smaller time frames (15M) and wait for a break of structure. Enter off the retest of the break and place stops above the previous higher high. If price breaks our current prize zone, that lets us know that the bulls are still in control and may continue bullish until 0.28000-0.29500.
Break of structure + loss of momentum @ 38.20%
STRONG REJECTION near the 100% + support being created risk 45 pips reward 400 + RRR = 1:9
Dollar reaching a prize action zone that previously had sellers momentum
**COUNTER-TREND TRADE** Double top pattern formation Closing half my position @1:3 (RRR) + moving S/L to break even