Overall seems bullish.
H4 zone rejection, break of LTF structure from bearish to bullish.
Currently in this trade. The green zones are my TP areas.
Once i hit my 1st TP, will break even trade. Initial target is set as well. Don't want to be in this market for too long..
SL set tight as well. Let's see how it goes.
Looking to go short, for short term. Bullish volume is still quite alot on HTF.
Will look to go long once if it rejects the green zone. TP zone.
Let's see..
Keeping it Simple.
Orange zones will be entry zones and the green zone is the TP area. If the orange zone gets rejected, i'll look for good bullish candles to enter, and my SL will be just below the orange zone.
Overall looks bearish, but counter trend looks good for buying opportunity, so trying to get advantage of it.
If it does push up and REJECTS green zone,...
Zonesss.. :))
Potential short, but this for me is only counter trend trade at this moment. Once it hits the green zone, see a break of resistant, will look to go long from there.
Possible short. Keeping it very simple. Zone to Zone.
If its breaks the 1st green zone, i will wait for the retrace and then get in for short opportunity till the 2nd zone.
Will keep in mind bullish structure is not broken 100%.
And the bearish push to the downside was strong, will be looking out from strong pullbacks as well. Let's see..
Overall atm still uptrend but retracing now.
On LTF H1 showing selling opportunity. Will try to catch the counter trend trade.
There was a break of Support, now waiting for good bearish candles to get in.
1st Tp will be at the green zone. Let's see when market opens..
Okay..Market was not able to break past that resistant (yellow zone).
Change of direction now.
It now created double top, bearish engulfings on M15. I see it going down 200pips + from here.
But of course, i'll react to what the market shows. For now, selling it.
I'm met my confirmations, already long in this trade.
But first, will monitor and see if it breaks past the yellow zone. If it does, i'll keep holding the trade.
If not, will close out.
So for the time being no TP is set. Let's see..
Daily Resistant, buyers exhaustion.
1. Looking for a break out of the orange zone which is my minor support, a retest and then get in after seeing bearish engulfings.
2. Overall still looks bearish, right now it pullbacked to 38.2 on HTF, but on H1 it broke resistant (blue line) so It somewhat looks like it can still go bullish for awhile after that strong push...
