2/05/22
4HR- Tapped weekly and reacted nicely, moved away from MO, gained support on the daily pivot and now finding resistance at previous swing high WO/DO and daily s/r.
reject here and possible move more to the downside. We are on the Floor on a macro scale and a close below the weekly s/r 0.04454 then we will be heading to the weekly s/r at into 0.03974 which is getting into old structure from Feb 2021.
LTF- 5m-there was a scalp short opportunity on the 5min TF at the swing fail currently about 3% drop.
30m- looking for a confirmation lower high on the 30mins preferably at the DO and daily s/r before taking a short position.
could find support again at daily pivot and this would be a good TP area and re evaluate.
OR a 4hr gain of the DO/WO and look for confirmation.
A gain of the upper blue structure line and will be looking to re evaluate for possible long term long positions.
4HR- Tapped weekly and reacted nicely, moved away from MO, gained support on the daily pivot and now finding resistance at previous swing high WO/DO and daily s/r.
reject here and possible move more to the downside. We are on the Floor on a macro scale and a close below the weekly s/r 0.04454 then we will be heading to the weekly s/r at into 0.03974 which is getting into old structure from Feb 2021.
LTF- 5m-there was a scalp short opportunity on the 5min TF at the swing fail currently about 3% drop.
30m- looking for a confirmation lower high on the 30mins preferably at the DO and daily s/r before taking a short position.
could find support again at daily pivot and this would be a good TP area and re evaluate.
OR a 4hr gain of the DO/WO and look for confirmation.
A gain of the upper blue structure line and will be looking to re evaluate for possible long term long positions.