On this H4 timeframe we can spot that price is on a support zone , and that same support zone is a support zone for the weekly and daily timeframe .
Now what are my expectations?
We can spot that on the support zone I marked a blue horizontal line, that line indicates the low of November 2022 and the lows of last week, so we can say it's an equal low, and equal lows are liquidity areas and price is expected to clear them out, so price is expected this week to go bearish and clear out the lows and make a new high to 1.60000.
PLEASE YOU CAN SUPPORT BY AGREEING TO THIS IDEA IF IT CORRELATES WITH WHAT YOU THINK AND GIVES US A FOLLOW, AND SHARE.
THANK YOU.
HAVE A GREAT WEEK.
Now what are my expectations?
We can spot that on the support zone I marked a blue horizontal line, that line indicates the low of November 2022 and the lows of last week, so we can say it's an equal low, and equal lows are liquidity areas and price is expected to clear them out, so price is expected this week to go bearish and clear out the lows and make a new high to 1.60000.
PLEASE YOU CAN SUPPORT BY AGREEING TO THIS IDEA IF IT CORRELATES WITH WHAT YOU THINK AND GIVES US A FOLLOW, AND SHARE.
THANK YOU.
HAVE A GREAT WEEK.
Comment:
Price didn't get to do as projected, but it started it's bullish run, now heading to the resistance zone of 1.56500, which I predict to break and retest there for a bullish move to 1.6000 zone
Comment:
Price haven't got to our zone yet but we can see the resistance zone at 1.56050, I want price to break and retest on that zone for price to continue it's bullish movement.
Comment:
Up up we go
Trade closed: target reached