Price has failed to break the strong weekly low & and have also broken daily previous high this confirms to us that there is a change in HTF market structure for bulls to start kicking in. We also saw the CPI give back a negative number after such a long time in the positives. This could be an indicator that maybe the FED will start decrease the interest rate. In...
Price created a base continuation structure after the BOS.
Then we saw price create a BOS on the daily after reacting at the base.
We then mitigated the daily OB and created two 4HR & 1HR liquidity channels which are currently getting swept.
We can wait for a 1HR market pull back to the 1HR OB for entry. 🎯
Price has failed to break a strong weekly low
Price has created a head & shoulders on the 1D time frame
we have also broken the down trend trendline
4hr time frame has produced a liquidity channel which is yet to be swiped
we now might for a 4hr break out then wait for an OB entry 🎯
Price hit a weekly OB and mitigated it, We also hit a weekly trendline resistance which suggests sells.
We can then see the daily Time frame market structure has shifted because we keep breaking structure
and creating new lows and failing to break the highs.
We can now expect the market to retest our daily OB for entry.
TVC:DXY
The diagonal LQ & horizontal LQ is starting to get wiped 🚧
We can see this by a break of our LQ support and Trendline LQ.
We must now wait for a Retest at 50% OB level for SNIPER entry. 🎯
Price Failed to break previous 4 HR high which suggests that bullish momentum might be failing to continue pushing price high.
Price then Created a CHOCH on the 1HR & 15Min which calls in for the sellers.
We can then wait for price to create a BOS and a OB for our entry.
