Price confirmed a bullish scenario weeks ago, but we expected a retracement to a dailyy liquidity and then going up. And as of this moment the daily liquidity has been reached and we are now at the 4H liquidity at which if the current 4H candle closes above it will be a good confirmation to buy and hold for days. But what we are looking at right now is a reversal...
After price confirmed a down trend last two weeks, price retraced to liquidity while respecting the trend line so from here onward I expect GJ to fall through.
After the 5 waves moving down on the daily from 1 NOV 23 - 29 DEC 2023, we expected a move up for a 61.8 retracement. Unfortunately price missed 9 points from it and reacted going down while respecting the channel. After bouncing on the bottom of the channel the pair is now backing up and I expect for a continuation from the supply level and the 4H liquidity as...
After the correction we've had the past week (ABCDE) as seen on the chart, finally the pair pushed up for the 5th Major wave which was the third minor wave of the Major. We now see a retracement of it but we don't expect it to reach the invalidation level.