-Price broke out of parallel channel on 4H chart -To set buy limit on retest of parallel channel bottom -Downtrend on 4H -Choch on 1D chart
1) Weekly chart still in downtrend (below 200EMA) 2) Retesting historic parallel channel cleanly (wick rejecting can be seen) 3) Rejecting 0.618 Fib 4) Catching the handle of a potential C&H pattern TP at the last demand zone + Weekly FVG. To secure partials along the way.
-Bullish cup and handle continuation pattern has formed -Prices broke out handle and is looking to continue up -Bullish engulfing formed and buy limit set at it's FVG
-ChoCh -Double top on 4h -Price consolidating around Monthly resistance zone -Rsi just left overbought zone and on downtrend
-Price is in an uptrend, however we are making a quick retracement trade towards .382 Fib AND Liq grab (identified in yellow circle) -Price still seems bullish so expecting price to drive into the sell zone first and make its peak before retracing (hence sell limits) -Said zone is previous demand zone
1) Prices not able to break through 4H demand zone, wicks seen rejecting (zone holding strong) 2) Overall still bullish on 4H, 1D and 1W Full TP at Daily resistance zone. Taking partials at recent liquidity grab level (circled in yellow)
Prices is bouncing off my Weekly Support 1 (WS1) forming a double bottom on the 15 minutes chart. Potential reversal. Comfortable to take a trade here due to the low R:R. Double bottom on 15 min timeframe:
Retracement Trade to .382 levels of Fibonacci + hoping to catch the Manipulation phase to grab buyside liquidity
Price looking like it is about to form a H/S pattern reversal. Resistance zone to be at 1st shoulder high. Let's wait and see if any rejection would form at said zone.