TLDR: Looking for LONG entry confirm.
4H
HTF Trend = Bullish
Internal trend = Bearish
Currently we are at 4H demand, with trendline liquidity and FVG's sitting above.
There is an extreme unmitigated demand zone with liquidity sitting above.
The scenario does exist that we hunt the most extreme zone.
Need internal trend to shift bullish.
M15
Trend = Bearish
Looking at sessions as possible entry.
All the other USDXXX Pairs saw strong bullish moves yesterday late afternoon. This means USDZAR should have seen an equally strong bearish move, but it didn't translate. I am taking this as an indication that USDZAR has insignificant selling pressure, and will be looking for entry confirm from this area and ride to M15 Strong high.
Will try update along the way.
** for my own journaling purposes**
** blessings**
4H
HTF Trend = Bullish
Internal trend = Bearish
Currently we are at 4H demand, with trendline liquidity and FVG's sitting above.
There is an extreme unmitigated demand zone with liquidity sitting above.
The scenario does exist that we hunt the most extreme zone.
Need internal trend to shift bullish.
M15
Trend = Bearish
Looking at sessions as possible entry.
All the other USDXXX Pairs saw strong bullish moves yesterday late afternoon. This means USDZAR should have seen an equally strong bearish move, but it didn't translate. I am taking this as an indication that USDZAR has insignificant selling pressure, and will be looking for entry confirm from this area and ride to M15 Strong high.
Will try update along the way.
** for my own journaling purposes**
** blessings**