See estructure form with HH and HL. if market structure make another HH it wil probably make another HL
Start my Friday night with these two alarms. Let's see what will happen!
we can see that price will get to an area of interest. lets see what really is going to happen. make sure you make your own confluence remember trading is a personal experience.
Buy on BTC. Market show buyers are active. 30 Minutes previous candle show momentum.
Market structure show price bouncing between 81.200 and 82.200. this market is no trending right now.
if this market has a lot of buyers market will continue to the upside. but if price show weakness in this area, the red lines will be valid as a supply took it from Daily and 4H TimeFrame.
This market is moving in a bullish trend. Market structure confirmed its direction to keep moving up. Manage your risk.
FX:GBPUSD Price will have to retest and broke the yellow zone if bulls want to keep pushing at least for this year. For now I will look forward to see how the market will react on the next monthly candle formation.
in this idea of analysis we can see a Lower High and Lower Low.
This analysis is base on support and resistance. Looks like the buyers were looking for liquidity to push the price up, in this moment I am looking for a new high.