Current bias is still bullish. However after last week's candle closed strong bearish and using candle probabilities and clean traffic area's, I am currently looking for sell's. 4 hr is closing strong bearish and with clean traffic to the left below the current support, I anticipate price to continue bearish. Will wait for a candle to close below support on the...
Current bias is bearish and for now I am anticipating bearish momentum to continue. I analyse structure across four time frames, which is giving me a overall bearish bias. However I do see potential counter trend buy option's as labelled on my chart
Will be looking for bullish momentum to continue as I have a 3v1 bias. Buys on a breakout trade above the high of the range or depending on candle probabilities, possible buys upon a 30 min candle close above resistance to fill the range above. Only sells I would be interested in is if a 30 min candle closes below the bottom of the current range.
WITH A NEUTRAL BIAS BASED OFF STRUCTURE ANALYSIS, WHILST THE 30 MIN IS BULLISH, I WOULD LIKE TO SEE A BREAK ABOVE THE CURRENT RANGE HIGH (135.020) TO PUSH UP TO THE SIGNIFICANT 4HR/DAILY LEVEL ABOVE AT AROUND 135.30. FOR SELLS, I WILL WAIT FOR 30 MIN TO FLIP BEARISH AND THEN LOOK TO SELL ON A BREAK AND RETEST TRADE.
WOULD LIKE TO SEE A 30 MIN CANDLE CLOSE ABOVE THIS ZONE @ 1.53812 TO CONTINUE THE OVERALL BULLISH TREND AND EXECUTE BUYS TO FILL THE TOP OF THE RANGE ABOVE. ALSO POTENTIAL BUY STOPS ABOVE 1.53985. FOR BULLISH MOMENTUM TO CONTINUE, I WANT TO SEE CANDLES REMAIN ABOVE THE SIGNIFICANT LEVEL OF 1.53465
WITH OVERALL BIAS STILL BEARISH (3V1 BIAS) AS LONG AS PRICE REMAINS UNDER 135.200 AS THIS IS THE LAST SIGNIFICANT LOWER HIGH ON THE 30 MIN, I WILL BE LOOKING FOR SELLS
WEEKLY AND DAILY FORMING HIGHER HIGHS AND HIGHER LOWS. CANDLES CURRENTLY ON THE LOWER TIME FRAMES FORMING SUPPORT ABOVE A SIGNIFICANT PRICE LEVEL. WITH A LTA (LOW TRAFFIC AREA) ABOVE THE CURRENT DAILY
HIGH, I WILL LOOK FOR BUY STOPS ABOVE THE HIGH. AS IT IS WITH 30 MIN STRUCTURE, I AM CONFIDENT IN EXECUTING A BREAKOUT TRADE.
BIAS IS 2V2 SO WHILST THE 30 MIN IS BULLISH I WOULD LOOK FOR BUY OPTIONS ON A BREAKOUT OF THE PREVIOUS DAYS HIGH ABOVE 134.70.
FOR SELL OPTIONS I WILL WAIT FOR A BREAK OF THE PREVIOUS DAILY LOW AND ANTICIPATE WITH OTHER CONFLUENCES FOR CANDLES TO PUSH DOWN. AS THE RANGE BELOW IS A BIT CHOPPY, I WOULD PREFER TO WAIT FOR A BREAK AND
RETEST OF THE 30 MIN STRUCTURE...
WITH A 2V2 BIAS AND THE 30 MIN BEING BULLISH I WOULD LIKE TO SEE CANDLES PULLBACK TOWARDS THE BREAKOUT ZONE AND WAIT FOR SUPPORT TO FORM AND BUY ON ANTICIPATION OF A RETEST OF THE DAILY HIGH. WILL ONLY ENTERTAIN SELL OPTIONS ON THE FLIP OF THE LSHL (LAST SIGNIFICANT HIGHER LOW) WHICH WILL TURN THE 30 MIN BEARISH AND GIVE ME A BIAS OF 3V1.
CURRENT WEEKLY CANDLE IS STRONG BULLISH. THE DAILY IS ALSO CREATING HH'S AND HL'S AS IS THE 4 HR CANDLES. WITH 30 MIN STRUCTURE BULLISH AND SIGNIFICANT CONFLUENCE, I ANTICIPATE A BREAKOUT OF THE CURRENT HIGH
WITH A BUY STOP ABOVE 134.284. FOR SELL OPTIONS CLEAN TRAFFIC DOWN ON THE BREAK OF STRUCTURE BELOW 133.789.
WEEKLY CLOSED WEAK BULLISH AND FAILED TO BREAK THE HIGH OF TH PREVIOUS BUT DID BREAK THE LOW. WITH A LOT OF SELL PRESSURE AT THE END OF LAST WEEK AFTER CANDLES WERE CONTINUALLY REJECTED AT SIGNIFICANT LEVELS, I AM ANTICIPATING WHEN THE LOW OF THE THE CURRENT RANGE BREAKS ON THE 30 MIN, IT WILL PUSH DOWN TO A DAILY SUPPORT @ 131.80
