Tracing this move from the regional high candle, and going from the middle(top-up) high candle.
We saw an initial 2.9% move down, followed by a perfect 7.5% move to the local low.
Before entering in on a long, we took further profits on our shorts at the retest, and then began creating a separate isolated long from that point. The targets and tps for this long...
Failed $46130 and just never regained support. Higher timeframe lvls from previous PA (marked in blue) were, as shown, heavily gravitated around. You can thank bots for that
Up until the end of this move, 1.2% were getting slaughtered left and right, but the volatility was too much so 50x started getting targeted to provide liquidity, and so 2.2% became the norm....
XRPUSD playing out like a google search trend. this is not FA. This is lines on a chart. this is not FA. This is a screenshot from the future sent by a buddy of mine in the future PEPPERSTONE:XRPUSD
Higher local rejections aren't marked because they appear to be tested, if you're doubtful, mark them yourself.
Initial lows, supports, untested spots marked with hotpurple box. Testing support currently, also a local low has been created, either we regain it and hold to continue with the move up.. or more likely, break below and push on to retest initial lows...
4hr timeframe long, looking at AUDUSD, marked previous break out failures & gains. Simple price action retests within a range, not a trade aiming to see new breakouts or new lows/highs.
Simple local price action trade with 4:1 risk/reward. Ideal price action based trade, wishing to see it play out within the next few days.
update feb-mar 2023
Continuation short, fibs are based off NQs 2200(price) gain back in 2010'
Very, very long timeframe fib retrace in play.
Supporting narratives? capital crunch from boomers exiting capital + deglobalisation pushes due to conflicts based on demographic declines, deglobalisation pushes due to growing reluctance to freely share Intellectual...
this is a chart. it has some major VWAP spots marked on the map by free-hand. It has some fib retracements and fib extensions. it is nice and simple stuff, just the volume weighted zones here thanks.
Good a couple months of hell for the start of this new year
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