Wherever the market goes we go!
----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr
----> Support & Resistance Structure & Key Levels
----> HH, HL, LH, LL, FIBS
----> Price Action & Candlestick Formation(s)
----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs
----> Break & Close of Major S/R Structure - Bullish or Bearish
----> Candle - Structure - Fib - Bias - Overall
Weekly - Price in currently in a consolidation cycle. Last week finished as a bullish engulfing although it created a lower high. It also found strong support which can be seen clearly on the daily time-frame. A bullish bias but could change direction depending on the daily candle close and 4hr candle formation patterns at key structure levels.
Daily - Price found major support on the daily timeframe and reacted well with a strong bullish run. However this still creates a lower low, lower high pattern and is possible that we may break this daily support structure to create more lower lows. This will be determined on the 4hr candlestick formations and daily candle close this week.
4hr/1hr - Price created significant higher highs on towards the end of last week. The gap down may have created a change in trend and we could see a bearish return of short entries to the south. If the market breaks and closes below the 4hr support with a retest of it l, then it’s a sell. Anything else we could potential spot buy opportunities. This can form in a no break and close above the 4hr support and a break, close above and restest of the 4hr resistance.
Buy
Entry: 144.8
Targets: 147/148
SL: 144.3
&
Sell
Entry:147.5
Targets: 145.4
SL: 148.2
----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr
----> Support & Resistance Structure & Key Levels
----> HH, HL, LH, LL, FIBS
----> Price Action & Candlestick Formation(s)
----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs
----> Break & Close of Major S/R Structure - Bullish or Bearish
----> Candle - Structure - Fib - Bias - Overall
Weekly - Price in currently in a consolidation cycle. Last week finished as a bullish engulfing although it created a lower high. It also found strong support which can be seen clearly on the daily time-frame. A bullish bias but could change direction depending on the daily candle close and 4hr candle formation patterns at key structure levels.
Daily - Price found major support on the daily timeframe and reacted well with a strong bullish run. However this still creates a lower low, lower high pattern and is possible that we may break this daily support structure to create more lower lows. This will be determined on the 4hr candlestick formations and daily candle close this week.
4hr/1hr - Price created significant higher highs on towards the end of last week. The gap down may have created a change in trend and we could see a bearish return of short entries to the south. If the market breaks and closes below the 4hr support with a retest of it l, then it’s a sell. Anything else we could potential spot buy opportunities. This can form in a no break and close above the 4hr support and a break, close above and restest of the 4hr resistance.
Buy
Entry: 144.8
Targets: 147/148
SL: 144.3
&
Sell
Entry:147.5
Targets: 145.4
SL: 148.2