1. Price has been trending up for a long time.
2. A possible Reversal Pattern spotted
3. Head and Shoulder Pattern
4. Almost all elements of the Pattern have appeared
5. Refer to the Chart for entry details
6. Apply proper risk management based on your account size.
"Direction is Better than Speed"
Aliyu Gital
Analysis break down
A Shift in Market Struture/ CHoCH is identified on the 4H.
Price has retraced back into the premium zone.
A breaker block and a FVG mitigated.
Hi, folks, I posted a setup on GBPUSD yesterday. The first FVG did not hold but the second did. Refer to my yesterdays post for other details. Do apply good risk management.
I expect the price to drop to my FVG as indicated by the arrow.
But, an OB has been marked above the FVG and so be very careful.
I can also see a BOS/CHoCH/Market shift and lastly liquidity in the form of equal lows being accumulated.
Price expected to spike up so as to grab my first identified liquidity after the NY 9:30 opening and drop to the M15 demand zone there by inducing traders. From there a rise to the M15 Supply to make the actual drop.
My View. Your input for further analysis.
