As we can see, in the future of this analysis - we may see price create a bearish pattern.
Will be looking to take advantage of this opportunity and trade the bearish pattern.
- FX_Dispenser .
Drawing fibonacci from last fvg created to previous high.
Price will retrace to next bid level, - fib 382 retracement, for bearish continuation.
Confirmations -
Level to retest - fib 382 retracement.
Level not to break - fib 382 retracement.
Trade Invalidity -
Change in market direction will be...
H4 momentum and structure is bearish. first indication of a bearish continuation.
Secondly if you can see the markings on my chart and if you understand fibonacci, you'll see that price rejected and 618 zone, from the overall low to high swing of H4 Move. We further see a bull retracement and rejection to the downside at the 382 level. Price is currently trading...
Hello People, Fx Dispenser HERE.
As we can see H4 structure is bullish, however momentum is bearish. If price breaks above "1.35171" we can expect a short term bullish reversal to around "1.35287", or "1.35490".
If price must continue to the down side, It must not break and close above 1.35490, if this happens, and price reaches previous highs, be wary of a...
Price close bearish below our area of structure/demand, ideally price should correct to retest . However, this wasn't the case. We can see when price came for a retest, it close bullish, indicating bullish momentum on the daily. On H4 price is making HH's & HL's, in an area of demand, this is also known as accumulation, with bullish momentum from the daily, the...
Although structure is bearish, but currently momentum is bullish on H4, H1, 30 & 15MIN. Awaiting closure at an area of demand, this will give an idea of next price direction. My Overall bias is short or long term bearish movement. However, we may see a short term bullish correction.
