overall structure bullish price coming in to my POI, EQH and FU candle on 15m. Looking to short with this new strategy
H&s formation, LTF structure break entry, DXY correlation.
H&s structure, break of the neck line. Retest Sell Opportunity
Similar structure with EJ, in an ascending structure, we have 1h full retrace candle as a confluence to confirm bearish direction. 1. Mini ascending, 3 touch structure 2. 1h fully retrace rejection candle.
Ideal setup would be for price to break high and tighten my high low for more precise entry.
Overall in ascending corrective structure, currently at the 3rd touch. Expecting a mini 1hr h&s to get involved on LTF.
Similar to EJ, EU is also in a corrective Phase, looking for some more bearish moves.
In a larger corrective structure, Multiples Rejection at top range with ascending pattern broke impulsively. Expecting some more bearish moves.
impulse out from descending channel, entering with MR LTF entries
Overall EJ has been very corrective in past weeks, im expecting it to descend to the bottom of the trend line potentially form descending or reversal pattern to break to the upside.
Scenario 1 is where price push back to the upside and potentially reach the outer structure of the trend line. 2. Is where it develops into a deeper correction and ascend, will look for entries in 15m if dropping.
Detail explanation in picture. No bias, just got to let market present it self.