MARKET NEEDS RETRACEMENT AFTER STRONG BEARISH MOMENTUM. WE TAKE LIQUIDITY PROVISION OPPORTUNITIES TO CLOSEST RESISTANCE
MARKET BREAK UPTREND DID A LASTKISS AT TREND BREAK AND FORMED A DOUBLE TOP AT DAILY RESISTANCE. WE EXPECT DROP TO DAILY SUPPORT OR MINOR SUPPORT IN 4HR TIMEFRAME
Market broke uptrend , currently respecting a downtrend. Broke support and now its respecting a resistance which may form a double top. I wait for 1 hr candle close to confirm reversal structure stoploss above last candle close takeprofit at next support
REJECTION AT RESISTANCE CONFIRM BEARISH CONTINUATION
Market shows rejections at resistance to continue bearish momentum while respecting a nice downtrend.
every single timeframe indicates bearish momentum and the finish of a liquidity provision time. to continue overall momentum down to weekly support.
Market broke my resistance who is now support. Safe entry is waiting for pullback at last zone break. although candle with heavy bullishg volume close in our range which means should head up long term. Daily also formed a morning star candle pattern which is bullish continuation.
REJECTED DAILY RESISTANCE WITH BEARISH ENGULFING CANDLE. BROKE UPTREND ON 1HR TIMEFRAME AND REJECTED BROKEN SUPPORT WITH AN INVERTED HAMMER. EXPECTED TO GO ALL THE WAY TO DAILY SUPPORT. CONFIRMATIONS WITH BEARISH INDICATING CANDLES
We have multiple rejections at new higher low which suggest bullish momentum. When we have hammers at support we buy to next resistance
WE HAVE A POSSIBLE DOUBLE TOP LAST KISS AT 4 HOUR RESISTANCE. REJECTION CANDLES AT THIS POINT MEANS LACK OF BULLISH VOLUME WHICH MEANS IT SHOULD DROP TO THE LAST ZONE, WHICH WOULD BE THE 113.200 PRICE AREA REGION
WE SEE 2 POSSIBLE SCENARIOS FORMING. PRICE HAS FORMED A DOUBLE TOP AT WEEKLY RESISTANCE WITH EXHAUSTION CANDLES WHO REPRESENT THE LACK OF VOLUME TO THE UPSIDE. THIS CAN BE ADDRESSED AS A CHANGE OF DIRECTION TO THE LAST ZONE OR SUPPORT MARKET HAD PREVIOUSLY TRADED AT. WE CAN ALSO SEE THE FORMATION OF A POSSIBLE SHOULDER HEAD SHOULDER PATTERN. THIS IS WHAT GIVES US...
Break of trendline, we wait for rejection on the broken trendline. Continue overall downtrend to the next zone.
BUY LIMIT ENTRY AT LIQUIDITY POINT TO PURSUIT HIGHER TIMEFRAME ZONE. SWING IDEA