Break and retest of level with rejection wicks on h2. RR = 1.54
H4 is rejecting support. M45 and h1 show engulfing bull strength. Overall bull structure.
Using the H4 for a short day trade. Provided the fundamentals don't mess up, I expect this to hit our targets. My first Crypto trade.
Based off the momentum and exhaustion shown on the h1 and h4 where it uses the 800ma(h1) and 200ma(h4) as support, along with my pattern trading style where I see the exhaustion shown on the m15 with price outside bollinger bands and extreme TDI, I have entered this trade. In the bigger picture, on the daily, this looks like a retest of an inverted Head and...
Currently seeing the bears take over and break through a zone that has been held by buyers for a while. It looks like the strong bull momentum is shifting and we may see a bear structure setting up IF and only if, the bull structure is CLEARLY broken. Once broken, we wait for a nice retest of the zone and then if sellers are able to hold the level resisting all...
Waiting for a clear break of structure on the EURCAD before I can actually enter the trade. I would say it is still in a valid bear structure, but there is bull momentum to it too. Buyers are trying to drive the price up on the 4hour timeframe. If they are successful in breaking the bear structure, I will wait for sellers to bring price down and test the...
Waiting for a clear break of structure on the EURCAD before I can actually enter the trade. I would say it is still in a valid bear structure, but there is bull momentum to it too. Buyers are trying to drive the price up on the 4hour timeframe. If they are successful in breaking the bear structure, I will wait for sellers to bring price down and test the...