Looking at the next leg in the bearish cycle - the next momentum push through into equal lows on the cards
Needing a strong bullish close on the H1 to act as confirmation and shift LTF structure. Without the full bullish close, the play is off the cards until further confirmation - Looking at the H4 flipping bullish
Playing out beautifully! HTF structure is key along with momentum & session volume!
Looking at bullish continuation through NY Session to give us a weekly close above our CSZ. H4 close is extremely important, showing us the direction for the remainder of the day. Looking at the above as our HTF idea to form a bias, poor RR on the above hence we will start refining within the new H4 candle
First Leg into equal lows has now been completed - beautiful flip in the weekly candle as mapped out at the beginning of the week!
And that is a wrap! Tomorrow we go again, should see beautiful continuation through the Daily
Given the poor RR based on the H4, the H4 serves as the HTF idea, it then comes down to the LTF pullback to look at a refined entry based on LTF retest confirmation.
Daily suggesting bullish continuation however given the time of day, we could potentially see some LTF consolidation into tomorrow. Providing us with the first daily rejection wick, to potentially form the second daily rejection wick through Asian Session to continue with momentum. CPI for the GBP being released tomorrow morning which will tie in as the catalyst...
Looking at the HTF Idea purely based on the weekly timeframe. This is not what we will be executing on as we are intra-day traders however with this HTF idea, we now know where price should trade structurally and we can therefore capitalise on the HTF move by taking small pieces on a daily basis in-line with the plan. Looking at the new weekly candle to open on...
Our key areas for Monday - Price moving through the motions
Looking at a momentum carry through - First Leg of the HTF move has been completed which was covered on Sunday, Pre-Market open (09/10/22), Video on Youtube!