MatrixV

Understanding market structure MatrixV

FX:GBPUSD   British Pound / U.S. Dollar
1st High: Price makes new high
1st Low: Price rejected on the 0.5/0,618 Fibonacci Zone

Higher High/HH: Price reaches 1.618/1.85 Fibonacci Zone, rejected at trendline
Higher Low/HL: Price rejected to 1st High (0.5 Fibonacci Zone of the whole structure)

Lower High/LW: Price failed to make a new high, rejected at trendline => Break of trend, confirmation for trendreversal
Same Low/L: Price makes consolidation => Orderblock Zone/Banks will enter in this zone for sell

Lower High 2/LW 2: Price rejected at 0.5 (1.309) Fibonacci Zone
Bankmovement: Sellpresure triggered orderblock, price goes to 1st Low

GG Ez MatrixV

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