Monthy overall bearish trend but nice wick showing bullish reversal potential.
A closer look at the weekly shows that last week we had a bullish weekly close.
We were expecting a pull back atleast to the 38.20 level of the fib on the previous weeks' candle and then price respecting the level which it has done as we can we that we had a bullish previous day close....
Nice bearish momentum on the monthly
Weekly looks to be creating head and shoulders pattern so potential short
Nice rejection from the daily supply after consolidation.
Entered Short
After rejecting from 0.90480 on the Monthly we failed to break back down and consolidate for a while and then broke below the range,
However, a closer look at the weekly suggests that this may have been a liquidity grab and we failed to break lower and closed last week's range, making a HH and HL.
Daiky is also taking support and making HH and HL.
We can see...
* On the Monthly we consolidated for a while and then finally broke short
* Upon close look at the weekly it would be reasonable to presume that this was infact a liquidity grab as we failed to break lower.
* Look at the Daily we can see after grabbing liquidity we are making Higher Highs and Higher Lows
* H4 broke 0.86025 with nice momentum and then had a...
Analysis
* Monthly overall bearish but getting nice stacking bullish candles with momentum
* Last week we had a nice push up and then minor rejection from order block and then straight back up.
* H4 nice bullish momentum and then stalled and rejected after taking out liquidity
* Buy limit order triggered on the pullback on M15
Analysis
* The monthly was above expansion and is showing nice bullish momentum however it was testing a liquidity line.
* This week candle was testing the liquidity line
* Daily today touched the liquidity line
* H4 has a massive rejection and showed a downward pin bar
* Short entry taken
Monthly broke short. However on the Weekly it looks like a liquidity grab and is coming to either test 1.33128 or 1.34801. Nice bullish momentum on Daily and H4. Looking for a retest on M15
Montthly currently broke short after consolidating
However weekly looks like its taking support on previously low
Daily reacted of the level, came back retested it and looks like its setting long
Nice bullish impulse on H4 however stalled on previous high
Feel confident in taking a long from the impulse on m15
Monthly has nice bullish momentum but very close to order block
Weekly also has momentum but also very close to order block
Daily also has nice bullish momentum
Nice impulse on H4
Waiting for retest on m15 and a potential continuation
Monthly is looking very bullish but need to be careful as we approach the previous high where it could potentially sell-off.
Weekly also has nice bullish momentum but again need to be care as we approach the previous high where it could potentially sell-off.
Daily also has nice bullish momentum
H4 after consolidation broke up.
Waiting for a retest of the...
