3 touch at the top of current structure showing strength of trendline resistence of which prices rejected successfully. possible scenarios to play. over all price is currently in a very deep corrective phase. apply entry rules,risk management techniques, trade according to your account balance.
price reaching support line of structure. I expect two scenarios with a possible third to play out. the first, is that price breaks to the down side to tag structure support before move to the upside. the second, is that price breaks and makes the move to the upside. the third, is that price breaks to the downside to test structure support and break further to...
break in previous structure. current PRICE action is on the move to the up side but currently in a correction phase. Hawkish continuation flag evident. wait for the break and close of bullish candlestick above current chart pattern for entry , manage risk effeciently(manage risk according to account balance)-do not over expose your account. your main goal is to...
previous break in structure to the upside, price currently in the overbought zone, wait for break to confirm bias and open your position for a short entry.
my bias is that,price is currently in a correction phase, continuation setup to the downside, so what we are waiting for is the break to the downside which will then continue to complete the current move that price is making. if you are trading the correction, manage your risk accordingly. I personally do not trade corrections. VERY IMPORTANT-be patient and wait...