weekly chart analysis
retest of trendline, and flip ftr rejection on monthy-
that retest on the weekly chart was a shooting star candle engulfing the previous two weeks
- entry will be made on 4 hour chart at qml level which also lines up with an fresh ftr/ fresh supply. which provides a strong zone for reversal and a tight sl above zone
At us open gold shot up through the accumulation zone. I took the trade from the high down to the first ftr. Now price has closed below the ftr forming and ftrflip zone qm. Price has also closed back in the range meaning accumulation is over, manipulation is over so now it should be time for the true trend
Price has been making Lower highs on daily chart. Price has entered PRZ. Traders can enter now, more conservative traders should wait for breakout and re-test.
After failing to break the 1.1725 key support level, EURUSD broke the ctl and began its bullish move. The next upside target is the previous high at 1.19. For traders who missed the ctl break and bullish move, there is the potential for a correction at 1.19. The 1.19 level is also the prz for a bearish crab on the 4hr chart. If price fails to break the 1.19 level...
