Price broke support, touched a fresh demand zone on the Daily and we saw buyers push price in upside direction. Now price is trading at daily supply zone I expect sellers to step in the market at this point
Ascending channel on 30min showing bullish weakness
Point of Control
Resistance level Holding
Prior Swing high has not been...
Price touched my first supply zone and price bounced off and to me when a supply or demand zone is touched once that zone is now invalid. Now price is coming back down into structure where I have my fresh demand zone around the 0.89000 area I'll be looking for buys in that zone. First target coming off at 0.89810, final target at 0.91000 and stops below structure on the 4h
there is this resistance level which has been holding since April 2020 on the Daily timeframe. Price touched resistance, bounced off and gave us a fresh supply zone. Price is currently testing the supply zone on the Daily and here on the 1H timeframe price is ranging I want to see a break below structure crossing the 100MA and then enter on a pullback.
Price is trading at a supply zone on higher timeframe and I believe what I see here is a broadening wedge pattern.. I want to see break of pattern and a new lower low structure form and get in on a pullback.
Targets are made visible in the photo above.
price hit Daily support level and got rejected now on the 1h what we see here is a broken descending wedge pattern and a head and shoulders pattern with slanted neckline. Price broke prior swing high and created a new higher high structure telling me we're in a bullish market now... I will wait for price to retrace and enter... Targets and Stop are made visible in...
Price is pushing into resistance area represented by short dashes and I have a supply zone just above resistance probably sellers may drive price down after supply zone is touched I'll drop down timeframe for a better entry
I use daily timeframe to create my bias ...how about you?
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