Ok plz look at the weekly post to understand the analysis as this post is to confirm the higher time frame price action and for entrance as we use the higher times for analysis, 4hr for entrance and 15min to enter the market. So I’ll be just pointing out what we on this time frame
Currently we see the market reject the 4hr poc with a heaven shoulder and the beginning of a 200ma n 50ma cross which imo is a solid cross as they both are slow averages. But what is more important than this is we can actually See a rejection of both ma at the same time🙌🏾. This is awesome and rare. So this is more than enough along with the analysis to enter this market as indicators are use just for confirmation And they just did this.
So what now
Well what we don’t want to do is to just enter the market right away
Why? Cuz even tho it’s confirm to shoot we must understand how work they at least on the major pairs so one must take the same precaution.
I bet 9/10 they will shake the move drop it and bring it up to retest the ma or poc why mainly cus they know traders study the charts over the weekend and may see trades that they wouldn’t during the week so we can expect that if we see a set up during these time just sitting while the market is close we must expect them to fake it out a lil only to scare the weak traders and the greedy ones who go all in and can’t withhold when price move temporary against them.
So we wait for another signs to enter while the market is open, maybe , Candlestick Or pivot or anything else you use in your trade, but do not enter any market based off of non moving price action,
HOW TO TRADE LIKE THEM
Currently we see the market reject the 4hr poc with a heaven shoulder and the beginning of a 200ma n 50ma cross which imo is a solid cross as they both are slow averages. But what is more important than this is we can actually See a rejection of both ma at the same time🙌🏾. This is awesome and rare. So this is more than enough along with the analysis to enter this market as indicators are use just for confirmation And they just did this.
So what now
Well what we don’t want to do is to just enter the market right away
Why? Cuz even tho it’s confirm to shoot we must understand how work they at least on the major pairs so one must take the same precaution.
I bet 9/10 they will shake the move drop it and bring it up to retest the ma or poc why mainly cus they know traders study the charts over the weekend and may see trades that they wouldn’t during the week so we can expect that if we see a set up during these time just sitting while the market is close we must expect them to fake it out a lil only to scare the weak traders and the greedy ones who go all in and can’t withhold when price move temporary against them.
So we wait for another signs to enter while the market is open, maybe , Candlestick Or pivot or anything else you use in your trade, but do not enter any market based off of non moving price action,
HOW TO TRADE LIKE THEM