Will Sunday head straight into a bear market???
Well I am finally getting more comfortable with analyzing the market so I figured I would publish another idea in hopes that maybe someone would give me a heart or whatever trading views version of a like is lol. So here we go, my outlook on Cable.
So I just want to throw this out there. I do trade using ICT concepts so yes I give credit to any logic that I am hoping to share through his teachings anyways back to your regularly scheduled program.
so what I see here is that there was a shift in market structure at the low then the market traded to a premium . I feel like it will break the high before reversing back down. I also used the daily and weekly chart to get a larger view go the market and you can even check it out for yourself. but not to say that I would enter as soon as the price breaks the high bc remember there is a chance I can be wrong but when price does break a high I will be watching it to see any signs of a reversal back into the bear trend. I used a ghost feed to kinda give more detail to my projection.
Hope you enjoy! I'll be watching to see if I can get a entry short where the white like at the top is. That is where the previous Fair value gap was on a larger timeframe. Im hoping it will reject in that area and then head back down to the next price area in a bearish direction.
And that's all I have. This is just me practicing.
until next time.
So I just want to throw this out there. I do trade using ICT concepts so yes I give credit to any logic that I am hoping to share through his teachings anyways back to your regularly scheduled program.
so what I see here is that there was a shift in market structure at the low then the market traded to a premium . I feel like it will break the high before reversing back down. I also used the daily and weekly chart to get a larger view go the market and you can even check it out for yourself. but not to say that I would enter as soon as the price breaks the high bc remember there is a chance I can be wrong but when price does break a high I will be watching it to see any signs of a reversal back into the bear trend. I used a ghost feed to kinda give more detail to my projection.
Hope you enjoy! I'll be watching to see if I can get a entry short where the white like at the top is. That is where the previous Fair value gap was on a larger timeframe. Im hoping it will reject in that area and then head back down to the next price area in a bearish direction.
And that's all I have. This is just me practicing.
until next time.