Market Composition: -
Market Structure:
-A bullish candle formed at the POE level with bullish confirmation (WIC is right below it as a support).
-However, bearish trench are right above it.
Plan:
-A long position is placed with TP point at the previous WIC and MIC.
Market Composition: Slightly Bullish
Structure Analysis: Market currently at bull trench. Long bullish pin bar is formed on trench with session volume below the entry price.
Market Composition: xxx/jpy slightly bearish.
Structure Analysis:
2 bearish trenches overhead.
Series of IC at the region 122.20.
trenches overlap with POC.
Market Composition: Bullish
Market Structure:
1. Candles inside trench.
2. last week WIC and DIC are aligned on top. (not suitable to direct buy).
3. Currently candle near to last month MIC where ICs are stack together.
Action: Wait bullish candle then can long.
