My overall point of view on EU HTF analysis just after price broke trendline signaling a BEAR MARKET but we wait for pull back to take place and confirm a full Bull Retrace for a overall entry for a HTF SHORT... possible entry shown on previous LTF Analysis
"POI..1" shows signs of a possible formation a "Right Shoulder" hence there is a recent BMS Signaling a BEAR MARKET, so my view is Trading a Pullback won't be a bad idea, but main I am more interested in "POI..2" Mitigation on 15M "OB" for an overall HTF BEAR MARKET
"POI...1" will confirm weather price is ready for a SHORT or we probably wait for the...
A possible sellers inducement triggering more sellers that trade breakouts/ early sellers , so my view is we wait until the fake out plays out to the upside inducing more buyers and we wait for a better entry but after a confirmation of a SHORT on a LTF for a long term bear market... maybe ZAR might melt down to a 15.00000 W1 TMF
As we wait for an opportunity to present itself taking out the "fvg" (fair Value Gap) mitigating the 30m order block for long positions, but we have to wait for "BMS" confirmation for a higher time frame pull back confirming a shift of market structure to a BEAR market, SELL SIDE POI awaits for s long term SHORT
