AsanteMungu

AsanteMungu

Market structure broke today 25/05/2023. I expect a retracement to form monthly wick then bearishness, to 1.1700s

AsanteMungu

As GBPUSD made a high higher than 14th April, DXY failed to make a LL indicating SMTdivergence in favor of the dollar. Anticipaing a swing lower on GU towards bullish orderblock at 1.205

AsanteMungu

NNWOG and Monday's trading took price higher. Expecting a retracement before uptrend continues after FOMC on Wednesday. Retracement to happen before or during FOMC release on Wednesday night.

AsanteMungu

Orderblock confirmation: - took sellside liquidity - broke market downtrend structure - distributed higher leaving a fair value gap Order block concides with FVG BISI

AsanteMungu

Taking this trade because I see a double bottom and a divergent RSI on 1hr and 15min tf. Overall trend is bearish so if price reaches supply it would be a sell

AsanteMungu

i spot an inverse head and shoulder pattern at the support of a 1hr trendline. on 4hr tf price has been in a rectangular consolidation zone. might this be the break to the upside? share your thoghts

AsanteMungu

formed a head and shoulders pattern. Looking for sells. ON 4hr timeframe price is consolidating in a rectangle, with a breakout to the downside more likely any views? share we grow

AsanteMungu

looking at eu 1d and 1m tf show it is in a downtrend, it has been breaking supports with MOMENTUM. Trendline top has been tested and held. probably price will retest 0.97500 lows. EU financial situation is not looking much bullish with US holding strong

AsanteMungu

Slight change on order block from friday analysis. Price might mitigate FVG above the zone before continuing the downtrend.

AsanteMungu

price is already in a downtrend from previous HH. Continuation of trend, price to fill unmitigated FVG in 2nd OB zone, before continuing the downtrend. Price in overbought zone on most indicators. Downtrend is imminent. An ascending triangle pattern confirms retracement move. 1hr tf.

AsanteMungu

still a sell but analysis has changed from previous OB to a falling rectangle pattern. Still a sell , different entry. whats your opinion?

AsanteMungu

possible sell on eurusd price created higher highs on an uptrend but the trendline broke. choch noted creating an orderblock at the marked zone. price might retest the zone before whoosh...A sell!