Chart : 4Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is currently still between Asian range still , market did end up sweeping Asian lows . But failing to close below it . This could indicate that we can get possible short term buys in the market .
Scenario 2 :
A close below Asian lows will indicate that price is pulling back to a demand area , so we can get into the market at a much cheaper price (discount) .
Keep in mind market is currently rejecting off a 4Hour supply area . If respected . We can get into shorts targeting potential demand areas .
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is currently still between Asian range still , market did end up sweeping Asian lows . But failing to close below it . This could indicate that we can get possible short term buys in the market .
Scenario 2 :
A close below Asian lows will indicate that price is pulling back to a demand area , so we can get into the market at a much cheaper price (discount) .
Keep in mind market is currently rejecting off a 4Hour supply area . If respected . We can get into shorts targeting potential demand areas .