- Market Structure - Order Block - Liquidity Void
Believe price will retest equilibrium of zone or daily low before a short to the -0.27 fib level
its as simple as this if the 61.8 fib is held which is a retest of trend-line also (2 confluence's) expect strong upside movement to the -0.27 fib if the trend-line is broken expect price to find support at one of my keep level
As seen I've identified Supply and Demand Zones for EURUSD This week I'm expecting price to find resistance at one of the two supply zones identified on the H4 before bullish price movement. If these zones are not reached as price could reverse and fall early I will wait till it has fell back into my demand zone. Its key when using institutional Supply and...
waiting for price to find support on daily before take off!!! Message me if anything
Waiting for Price to find Support at H4 Low or Daily Low before lift!!!!!
market structure + trend-lines + fib levels = Simple Analysis First target (149.200) is important level as its a level where price hasn't been able to break on the Daily Timeframe. I was able to identify trend on the daily timeframe (uptrend) and would use H4 or H1 timeframe for entries. Would look for retracements at fib levels or previous high/lows, this case...
NZDCHF (H4): On the H4 TF price formed a Bearish Head & Shoulder’s pattern, this resulted in price falling to my 0.67670 which was also a retouch of the trend-line drawn on the H4 TF. After this retouch price gained bullish momentum, I expect price to retest the neckline of the Head & Shoulder’s (0.68530) before continuation of bearish movement. Daily analysis...