I’d broken this pair down to the tee On many 2hr and up trimeframe with many perceptions And conviction with market psychology, time and price action, supply and demand with indicators only confirm market direction and not as a trade signal. I’d gave entries, showed stop hunt areas all accurate and came to pass and if anyone listened you’d been on the right side of the market. One so call guru said the market isn’t predictive but reactive? I say really forex? This market isn’t a real market and if you’re waiting for it up your most likely trading the stop hunt. The market is predictive cuz there are clues left that tells you where the market is going you just have to mold your mind to think differently and outside of the way we (retailer traders) was made to think
You can go back and look at try other post to understand this market motives as I reinforce it herefrms
We have a h1 and l1 on the higher timeframes we are waiting for h2 and l2. As we are currently going for a higher h2 out the structure that will carry on until the yearly pivot and point or control is reached!!!!!! Then we’ll get l2 and a market reversal.
The market shown its bias several times but let’s look at the rectangle area price came there from a double top. And broke free from the bull momentum. By making a snake( range or rectangle structure. What does this tells us? That the buyers are heavy at work. Noticed how the bears momentum was a pullback for buyers to buy off of and what happen. The market went up. The market went back into a range forming a rectangle broke out this range with a divergent of higher low. Thus this is a True bullish breakout with a throwback into that rectangle resistance as now support. What do this tell us? Let back track a lil and look at what is going on and understand market psychology. We have a range From a rectangle. What do this mean? Market structure has direction agenda and purposes. A rectangle is An area where retailers buyer and sellers get suckers and stopped chasing the market. This is done deliberately by them. And this is what it do. It makes a strong resistance turn support That buyers will buy off as price throwback from above resistance this is how price can repeatedly test higher resistance and not retrace to a bears markets. As price get higher the resistance area gets stronger and it’s what I call the dumb money zone made by sellers who has no stronger analysis to sell. Meaning while as price retrace from this zone waiting for the hidden trendline to catch up and this is where price will use this trendline and the dumb money zone as support and where this meet is where we’ll see our leading indicators meet our linear regression and missed pivot, a daily low will be there as price will sell of to test a previous daily low. Well gets at lower low( bear trap) and this will be our key stop loss free entry to ride this pair until the reversal several hundred pips north. So we can also get in early if you hadn’t already. Where and how? We wait for the dumb money to Take the bait and short this pair, buy off the hidden trendline line into their stop losses And we can hold here as they make more support for the resistant at h1.
Tips
Structure your chart around ranges look for divergent within the range see what direction it goes. If it breakout throwback and use that range as support on micro level and micro we know the decision was in that direction.
This will be your measured moved
If price do the above and retrace later as we have here this is a trap and a pullback to buy off as the short term momentum is bearish while the trend is bullish. It’ll look like this an up swing, pullback failure, into a bear hidden channel, price bounce of the low of that Channel as bear try to sell the pullback, the bulls push up and then go into a range! This range breaks the bear momentum as they will give up to pull lower than the bull will do a measured move same distance in same distance out with equal time and distance.
Now when this last step happens if we missed the buy off the hidden trendline we can enter out the range on the pullback of the second thrust. What we should see is a pullback to the moving average n we buy there. Usually the pullback to the ma isn’t a good entry but the market already shown its bias
You can go back and look at try other post to understand this market motives as I reinforce it herefrms
We have a h1 and l1 on the higher timeframes we are waiting for h2 and l2. As we are currently going for a higher h2 out the structure that will carry on until the yearly pivot and point or control is reached!!!!!! Then we’ll get l2 and a market reversal.
The market shown its bias several times but let’s look at the rectangle area price came there from a double top. And broke free from the bull momentum. By making a snake( range or rectangle structure. What does this tells us? That the buyers are heavy at work. Noticed how the bears momentum was a pullback for buyers to buy off of and what happen. The market went up. The market went back into a range forming a rectangle broke out this range with a divergent of higher low. Thus this is a True bullish breakout with a throwback into that rectangle resistance as now support. What do this tell us? Let back track a lil and look at what is going on and understand market psychology. We have a range From a rectangle. What do this mean? Market structure has direction agenda and purposes. A rectangle is An area where retailers buyer and sellers get suckers and stopped chasing the market. This is done deliberately by them. And this is what it do. It makes a strong resistance turn support That buyers will buy off as price throwback from above resistance this is how price can repeatedly test higher resistance and not retrace to a bears markets. As price get higher the resistance area gets stronger and it’s what I call the dumb money zone made by sellers who has no stronger analysis to sell. Meaning while as price retrace from this zone waiting for the hidden trendline to catch up and this is where price will use this trendline and the dumb money zone as support and where this meet is where we’ll see our leading indicators meet our linear regression and missed pivot, a daily low will be there as price will sell of to test a previous daily low. Well gets at lower low( bear trap) and this will be our key stop loss free entry to ride this pair until the reversal several hundred pips north. So we can also get in early if you hadn’t already. Where and how? We wait for the dumb money to Take the bait and short this pair, buy off the hidden trendline line into their stop losses And we can hold here as they make more support for the resistant at h1.
Tips
Structure your chart around ranges look for divergent within the range see what direction it goes. If it breakout throwback and use that range as support on micro level and micro we know the decision was in that direction.
This will be your measured moved
If price do the above and retrace later as we have here this is a trap and a pullback to buy off as the short term momentum is bearish while the trend is bullish. It’ll look like this an up swing, pullback failure, into a bear hidden channel, price bounce of the low of that Channel as bear try to sell the pullback, the bulls push up and then go into a range! This range breaks the bear momentum as they will give up to pull lower than the bull will do a measured move same distance in same distance out with equal time and distance.
Now when this last step happens if we missed the buy off the hidden trendline we can enter out the range on the pullback of the second thrust. What we should see is a pullback to the moving average n we buy there. Usually the pullback to the ma isn’t a good entry but the market already shown its bias