H4 setup pending 0.382 fib confluence -0.27 ext. confluence Waiting to see price print rejection candles on the H1/M30 time frame to get short from previous H4 structure to short into lower lows.
H1-M15 setup trendline retest right shoulder Nice daily resistance showing signs of rejections at higher highs, expecting a pullback. H4 price then dipped back below and failed to close back above the daily level indicating bearish pressure stepping in. Entry refined to H1 right shoulder with execution on M15 bearish engulfing.
H1-H1 setup 0.618 fib confluence H4 level stack Nice and simple setup off weekly support, then refine to H4 support and then into H1 support.
Looking to ride price up into the H4 point of interest at 0.72250 from a H1 level of structure with 0.50 fib confluence at 0.71600 upon a M30/M15 candle formation
Pretty pivotal point at the moment where price will give us a clue to next direction. Approaching right shoulder of larger inverse h/s for further upside into higher highs, but a push higher first will open a pullback into lower higher lows.
After a wick rejection of daily highs, looking for roll over into 0.76600