M6E Buy Potential 05/31/2022
4HR TF
-Price currently at 3 weeks VAH
-Price rejects 50EMA
-Price went above both 25 and 50 EMA
30min TF
-Price still currently inside the previous day VAH
Waiting for price to react the 30mins VAL and get an entry confirmation as we are still at the previous Value Area High before entering the trade.
If price break the 30mins VAL, trade will be invalid and I will expecting the price to aim for the nPOC of 4HR TF which is at 1.0557 area.
4HR TF
-Price currently at 3 weeks VAH
-Price rejects 50EMA
-Price went above both 25 and 50 EMA
30min TF
-Price still currently inside the previous day VAH
Waiting for price to react the 30mins VAL and get an entry confirmation as we are still at the previous Value Area High before entering the trade.
If price break the 30mins VAL, trade will be invalid and I will expecting the price to aim for the nPOC of 4HR TF which is at 1.0557 area.