An expected consolidation on 4H. Since market had a massive sellers momentum, for a change of trend or any bull move, a consolidation is expected. Moreover on the chart, On 4H we can catch the LL to LH move. But, for now it is a bit risky to take the buy since on 1H market is failing to breakout.
1H - Market Fails to Make new LL and Rejecting the major key zone for 3 times, which is our Weekly key zone as well.
All we need now is a breakout on 1H or if 30m Break structure and forms the first HH and HLs, then it would be a clear trade for long position.
1H - Market Fails to Make new LL and Rejecting the major key zone for 3 times, which is our Weekly key zone as well.
All we need now is a breakout on 1H or if 30m Break structure and forms the first HH and HLs, then it would be a clear trade for long position.
Comment:
Scenario 1 is playing our for now. keeping an watch for our buy opportunity.
Comment:
Market is finding some rejecting at support level. is there enough buyers or will it break to the below support? let's see
Comment:
Market did play out as scenario 1.
this is a great example of not entering the market right at zone which could break the support as its happening.
this is a great example of not entering the market right at zone which could break the support as its happening.
Comment:
Keeping a watch for 30m, Finally a BOS.
once market formed a HL will update for a entry.
once market formed a HL will update for a entry.
Also our Weekly is on a uptrend, looking for a good area to form a HL and start the BULLISH RUN.