Terapips

Terapips

ANALYSIS ------------------- IM SEEING A HEAD AND SHOULDERS PATTERN ON USDCHF DAILY TIME FRAME. WILL IT WORK OUT? WELL, CONVENTIONAL CHART PATTERNS HAVE A NOTORIOUS REPUTATION FOR NOT PLAYING NICE. BUT HEY, WE TRADE WHAT WE SEE, NOT WHAT WE FEEL. RISK REWARD IS GOOD. CONFLUENCE -------------------- - THE LOWER HIGH + LOWER LOW SEQUENCE WAS BROKEN AS PRICE...

Terapips

A HIGHER LOW ON THE DAILY HAS BEEN BROKEN. SO IM ANTICIPATING A RETRACEMENT TO THE 50% OR THE 61.8% BEFORE WE SEE A BEARISH PUSH

Terapips

PREVIOUS LOW HAS BEEN BROKEN IM ANITICIPATING A RETRACEMENT TO THE 50% OR 61.8%, BEFORE WE CONTINUE TO THE DOWNSIDE

Terapips

DAILY TF SUPPLY AND DEMAND ZONES HAVE BEEN MARKED. SELLS SEEM MOST LIKELY. HOWEVER, MORE CONFIRMATION IS REQUIRED FOR ENTRY.

Terapips

THE 4HR SUPPLU AND DEMAND ZONES HAVE BEEN MARKED. WE ALREADY BROKE BELOW A PREVIOUS LOW. SELLS LOOK POSSIBLE. HOWEVER WE NEED MORE CONFIRMATION

Terapips

THE 4HR SUPPLU AND DEMAND ZONES HAVE BEEN MARKED. WE PREVIOUSLY BROKE ABOVE A RECENT LOW SO BULLS LOOK POSSIBLE. HOWEVER, MORE CONFIRMATION IS REQUIRED.

Terapips

AFTER SEEING PRICE CONTINUE TO MAKE HIGHER HIGHS, I WAITED FOR A BREAK OF THE PREVIOUS HIGH. RETESTS CAME AND THEN I TOOK ENTRY ON THE 50% FIBBONACCI RETRACEMENT LEVEL TP IS AT THE 100% FIB EXPANSION LEVEL

Terapips

AS PRICE RETESTS THE 1HR LOW, THE CANDLE WICKS KEEP FORMING LOWER POINT AS INDICATED BY THE ARROWS. IM EXPECTING A BREAK & RETEST OF THE LOW AS WE CONTINUE WITH THE BEARISH MOMENTUM. IF NOT, WE MIGHT GET A FAKEOUT THEN WE CAN TAKE BUYS AS PRICE REJETCS THE LOW

Terapips

ZONES DRAWN ON DAILY TURNING POINTS DIRECTIONAL BIAS PERFORMED ON 4HR ENTRY USINGFIB LEVELS ON 1HR