mhayat242

mhayat242

1) On daily we have a massive downtrend for the past year 2) the market structure has created two trend line touches 3) we are heading for a third touch on this major down trendline 4) what makes this intresting is that we are approaching the major trend with micro trend / counter trend/ pattern that will help us identify when structure has changed on lower...

mhayat242

Hello Traders, If you look at the H1 you will see price has been consolidating , if you move to a lower TF you will see a trend which is currently very clearly bearish . Breakout from the parrallel channel downwards will take price below previous support and we will see 11956 THEN MAYBE DOWN. I have also placed a second scenario on the chart for a bullish...