Wherever the market goes we go!
----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr
----> Support & Resistance Structure & Key Levels
----> HH, HL, LH, LL, FIBS
----> Price Action & Candlestick Formation(s)
----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs
----> Break & Close of Major S/R Structure - Bullish or Bearish
----> Candle - Structure - Fib - Bias - Overall
Weekly - Price made a close below the weekly resistance. Candle ended as a weekly bearish hanging man/hammer top. It aslo created a higher high. It still remains an overall bullish market but with a bearish bias; a pull back for short entries.
Daily - Price finished on the alst trading of last week has a bearish hammer and broke/closed below the weekly resistance. We should see a retest of this resistance level although it still looks like a bearish pull back may continue in the overall bullish bias. however we could see some potential change in such trend on the lower time-frame given the fundamental releases and volatility surrounding this pair lately.
4hr/1hr - The market broke the higher low structure and created a lower high and a lower low. It also broke and closed below the weekly and 4hr resistance. We can say that this pair is in a bearish run. We're expecting a retest of the weekly resistance due to the double bottom created. This will allow us to position short entries for the market fall.
Sell
Entry: 111.85
Targets: 110.85/110.35
SL: 112.35
Buy
Entry: 110.85/110.35
Targets: 111.35
SL: 109.85
----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr
----> Support & Resistance Structure & Key Levels
----> HH, HL, LH, LL, FIBS
----> Price Action & Candlestick Formation(s)
----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs
----> Break & Close of Major S/R Structure - Bullish or Bearish
----> Candle - Structure - Fib - Bias - Overall
Weekly - Price made a close below the weekly resistance. Candle ended as a weekly bearish hanging man/hammer top. It aslo created a higher high. It still remains an overall bullish market but with a bearish bias; a pull back for short entries.
Daily - Price finished on the alst trading of last week has a bearish hammer and broke/closed below the weekly resistance. We should see a retest of this resistance level although it still looks like a bearish pull back may continue in the overall bullish bias. however we could see some potential change in such trend on the lower time-frame given the fundamental releases and volatility surrounding this pair lately.
4hr/1hr - The market broke the higher low structure and created a lower high and a lower low. It also broke and closed below the weekly and 4hr resistance. We can say that this pair is in a bearish run. We're expecting a retest of the weekly resistance due to the double bottom created. This will allow us to position short entries for the market fall.
Sell
Entry: 111.85
Targets: 110.85/110.35
SL: 112.35
Buy
Entry: 110.85/110.35
Targets: 111.35
SL: 109.85
Another example of break and close below of previous structure and then retesting the structure again - this time breaking the support of previous weeks and the ones created this week and then retesting them for entries to follow the trend. This, alongside the fundamental releases create sizeable confluences for reassured entries and positions.