Loving the look of this setup, retracing back to a key area on the 1HR and will be looking to trade a new setup on FVG's down on the 3 minute TF, excited to see what happens.
Bearish sentiment identified, broke through a key level and consolidating. Waiting for it to retrace back and will look to take a trade - One my favourite plays.
Bear sentiment showing in this quick analysis, big red candle at a POI tells me there will be a possible continuation to the downside, possible 1:3 RR Trade.
We can see higher lows being formed as well a resistance being hit, I have identified the false breakout but will keep an eye on volume as this could see a run up to a previous resistance if we do see a break of the triangle pattern.
We can see on the daily that there has been a break of resistance which now looks like a new support level so would be a great play to the upside for a swing trade in to the next few weeks - Will keep an eye on it and take a position if all lines up.
TWT looks like it may be setting up to explode to the upside which could see it hit $1 and potentially go higher.
I have added this to my watch list and will likely take a position on this with a SL under the current support level.
Simple play: Price broke through a previous support and came back up to re-test, saw wick rejections at this key level as well as rejection off the .50 fib level. Stop loss above key level and a nice 2:1 RR.
Price was up trending but failed to make a higher high - This was followed by multiple wick rejections which indicated bearish sentiment in the market. Took a nice 2:1 RR on this.
