Disclaimer ON.
FLAG PATTERN!!
strong demand zone below on weekly basis
monthly we are still bullish!
proper risk management highly recommended ;higher TFs means higher risk
Therefore, proper top down analysis for an entry is needed, without it you may end up getting losses with a correct bias at hand!
Disclaimer ON
price did a false breakout trapping more buyers to the upside
a strong daily demand zone which hasn't been tested even once
selling anticipation to catch at least 100 pips with good risk management
at the demand zone then further analysis will be required when price reach there
Disclaimer ON
key supply zone freshly created after a strong bearish candle broke structure below, giving opportunites for selling
with confluences from higher TF key areas
Disclaimer ON
sell opportunities as pound looses strength
key supply zone to be tapped and also a break of structure will add more confluence for taking that short position aiming at at least 100 pips
Disclaimer ON
Price is showing rejection near a key supply zone
on tapping of the zone above and break of structure below selling opportunities will be present!
DISCLAIMER ON
DXY still showing some strong bullish momentum , rallying up to the orange box anticipation as both weekly and daily TFs support the bullish momentum
on both daily and weekly TF yesterdays bullish candle closed above key invalidation points indicating more bullish momentum.
I anticipate the move up to the orange box that's where consideration for...
the price hasn't reached our invalidation area for a considerable sell model , the HTF still bullish though there is a retracement from yesterday until now , also considering the strength of USD index this week , its safe to look for more buys!
