LOOKS LIKE COUNTER TREND TOO ME!! RISKY ONLY SELL UPON LOWER TIME FRAME CONFIRMATION
PRICE HAS TOUCHED A DEMAND AREA. I WILL ONLY GO LONG IF ALL THE PLANETS ALLIGN!!!
TRADING IS HARD. SO LETS JUST FOLLOW THE TREND THEY SAY!!!
SHOULD I SHORT NOW OR WAIT FOR BREAK OF TRENDLINE. DECISIONS, DECISIONS,
sell on break?? price does what it wants when it wants. Letssss go!!!
They say that psychological patterns dont work in forex. lets see.
Looking to short near the 50 ema if price shows deceleration in said area. if price does not stop or consolidate in the 50 ema area then ill wait for price to reach resistance. That resistance area which is the green area on the chart also has confluence with the 382 fib level. thats the plan
Price hit supply level and left. waiting for entry confirmation on lower time frames
for daily trend follower this looks like a good sell. Price is on supply area. Wait for confirmation on the lower time frames to enter the trade.
Weekly and daily demand is in control. waiting on price action for confirmation.
A lot of indecision around demand area. Looks Like a potential short.
H4 is forming a downtrend and there is also a break of structure. Potential short if price goes back to blue horizontal line or supply level. I rather wait for price to reach supply.
For trend followers GBPUSD is downtrending on the H4, but it is near a daily demand level. If shorting please be careful. Wait for lower time frame confirmation.
H4 downtrend forming, price is stalling on 4 hour supply level. Wait for confirmation on lower time frame.
Potential short on the Dialy. Fresh supply. If area is broken then trade is invalidated. Wait for confirmation for entry
AUDNZD approaching a supply zone on the daily. Look for short opportunities between the 1.0637 and 1.0682