BTCUSD making HH and HL on a consistent upward structure on H4 TF. This is a retest of the previous resistance break for a long setup.
we had a bounce on the identified level as we were not presented an entry condition for a long entry. Price have returned to the level and showing signs of rejection with a bullish candle close on H1.
H1 is on a stacking brick, making consistent HH and LL with a break of the most recent H1 TF high. Waiting to see a retest for a long entry
Break and retest of H1 structure, waiting for clear valid entry to hop on
Price maintaining a bearish downtrend structure, a rally into the zone is what we are waiting for to pull the trigger.
Price at key level and diverges to make a low, a retest back into the zone would trigger our short
pending long from the H4 level of structure just got triggered
EUECAD broke resistance and maintaining the recent bearish market structure, currently waiting on a pullback back to the zone aboove with rejection for a possible setup to go short
As expected, BTC needs to dump off for a major correction back to the H4 level for a high probability low risk entry. We will wait to see clear rejection at the zone before a long trade is executed
The H4 initial high was to be retested but H1 structure shows a sell stepping in, IF price remains below this level on H1 with a H4 candle close below it, we expect sell off the level of structure below
We have seen the H4 support and a close above with clear rejection on thhe H1 TF, Price is likely to move up to the level of structure above.