Trend = Short term downtrend 2 Hourly Price divergence Liquidity Range formation Price has grabbed liquidity beneath Waiting for a breakout above the range for possible entry !!
Overall trend on the daily TF = Bullish Current swing on H4 TF =Bearish Anticipating price to retrace to the Fibonacci golden pocket on H1 TF Wait for bearish price action confirmation before going short!!
Overall Trend on DAILY chart = Bearish(Price is above the 200 EMA) Current Price Action = Ranging(price failing to break previous high/low on the daily time-frame) Wait for a break and retest of the range bound before looking for possible entries, either long or short!!
Regarding the 4 Hour chart, the overall trend appears to be bearish as the price has breached support, indicating the possibility of a further drop. However, it's important to consider that there is high impact News on the horizon. The overall momentum remains bearish. Exercise caution and wait for the price to break the recent low level before considering a...
Regarding the 4 Hour chart, the overall trend appears to be bearish as the price has breached support, indicating the possibility of a further drop. However, it's important to consider that there is high impact News on the horizon. The overall momentum remains bearish. Exercise caution and wait for the price to break the recent low level before considering a...
Overall Trend on 4 hour chart = Bullish(Price is above the 200 EMA) Current Price Action = Ranging(price failing to break previous high/low on the H1 time-frame) Wait for a break and retest of the range bound before looking for possible entries, either long or short!!
Trend on 4 Hour chart= Bullish(Price is above the 200 day EMA) Current Swing = Bearish; Price is in a pull phase (Pullback) Price Action = printing doji candle on the H4 time-frame, signaling potential morning star formation(trend continuation) Wait for a strong H4 bullish momentum candle close before going long! Target = 0.90504 Stop loss = 0.89629