Trade Scenario 1: Price continues bullish trend. We can see and inverted H&S on the 4h. The neckline is at a key weekly level that has acted as strong resistance and we closed with a strong Daily bearish candle. We will need to see price break above this weekly zone/neckline with conviction before longing. Wait for the break then retest and enter on strong bullish...
Trade Scenario 1: Price is bearish across all time frames and is currently testing the 200MA as resistance on the 1h. Look to enter short on another strong rejection around this level. First targeting minor support level around 103.7 Trade Scenario 2: To consider long, we will need a break and retest of the 104.2 zone to create a new HL above the 1h 200MA. Enter...
Trade Scenario 1: Price is near a major supply zone but price continues to make HH and HL. There has been a break and retest of 1h structure. We are looking for more bullish momentum/variation before longing into a key monthly zone around 0.7440 Trade Scenario 2: Price action goes bearish. We will need to see price break below the 200MA on the 1h timeframe and...
Price is currently testing a supply zone on the daily timeframe. After the clear break of structure on the 1h timeframe we are looking for a clear LH to form around the 200MA on the 30min timeframe.
Looking for lower high to form on a bearish corrective pattern after break of 4h structure