I'm looking at possibility for sell swing at current price, referrring to daily pinbar as support that breaks, and current is possible seller re entry.
In Monthly, you can see current price at almost-pinbar candle shadow. But, the Low price is lower than previous, and no strong rejection at mid point of shadow. Looking at Daily pinbar break, nearest visible demand zone is at H4. At M5, you can see the rectangle I mark at supply zone. This entry idea actually late, but R:R still reasonable.
With Lower Low break, and Higher High break, I'm looking at possibility for short buy based on Fibo Musang, entry at level 38-23 and TP at nearest, 161. Also at H4, Lower Low break comes from pinbar Low price. If break, then I consider to cutloss.
Price just get outside of my target Daily supply zone, and currently in Monthly supply zone. In Monthly supply zone, there is a break non-fresh shadow of bullish pinbar. So I think I will get better sell entry in body zone. Target sell exit is nearest Daily supply zone.
First touch of demand zone, there has been a good buyer entry. If the price came back to zone, I'm looking at Buy entry at Bottom candle Low price, as the candle is Bullish Pinbar candle. And exit target is based on Fibo Musang (reverse Fibo Retracement), exit at TP2 = level 261.
D1 chart showing 3x straigh Bullish Pinbar, that failed/break. See the reaction for touch of each pinbar Low price. From below, touch #1, going down. Touch #2, going lower than previous. Now touching #3 Low price bullish pinbar candle. I expect this point for sell until at least nearest support, more than 1000pt perhaps.
I have an indicator that give buy signal at the candle I mark with VLine. At nearest support is Bullish Engulfing zone. I consider try to entry buy at 2 level, first at start of demand zone, and second at bottom shadow of bull.
Head is HH break (close over) previous high. Possibility for Head and Shoulders? TP at reverse fibo 161.
USDCAD trendline support break after 4th touch. In my calculation, first break will make 2nd Trendline. Current price need to make make pullback first, then after that can draw 2nd Trendline. 2nd Trendline break, then will make downtrend possible. Looking at possible pullback (buy) at reverse fibo 0.618
There is possibility for fake out at H4 resistance trendline. I prefer safe exit at bottom candle (bullish pinbar) demand zone, as the bottom candle only make lower low without break (close) previous lower low.
3 point trendline at Daily, and 2 point trendline at H4. I see that there is a possibility to sell at H4 trendline and safe exit at Daily trendline.
Resistance H4 at H-LH trendline. Now at 3rd touch. Expecting Lower Low.
There are two Bullish Pinbar as bottom candle (support zone) which the zone doesn't overlap. I will be looking for safe buy entry starting from Low price of Bullish Pinbar #2, and looks more possibility the price will enter demand zone of Bullish Pinbar #1. If price doesn't break Fibo level 100 (1.00), i will look for next buy entry at Low price for Bullish Pinbar...
Current seller makes Bearish Pinbar. And seems like this is the first seller trial, showing signal of possible seller getting more supply to make downtrend. Sign of H1 Bearish Pinbar and fresh Top candle supply zone, more likely I will sell entry starting from High price of Bearish Pinbar. For this pattern on H1, I will safe exit at starting of demand zone of...
Last support M15 that I share, buyer rejection about 100 pt +/-, and currently breaking it. Based on H1, I prefer this zone as this zone has buyer re entry 1x. Looking for more strong buyer here than my analysis before. I prefer to entry bottom candle bottom shadow.
Current H4 candle close breaks trendline acting as Resistance. Break at 3rd touch. Expecting Lower Low. Current High after break, will makes 2nd Trendline. If 2nd Trendline is break, then I will be expecting pullback at 2nd Trendline that will act as RBS Resistance Became Support, for Uptrend possible Uptrend continuation after that.
From top that makes HHb (Higher High Break), then bottom that makes LLb (Lower Low Break), i'm looking at sell entry at Fibo Musang level 23, then TP at nearest level 161.
At left, Higher High (+break), then new Higher High (no break), then Lower Low (+break). More to sell than buy. But safest sell entry zone, based on Fibo Musang style, is between fibo level 23 and 0, with shortest Take Profit at fibo level 161.