Hi Traders!
How's your trade from last week? hope all is good, and if not hope next week will be good.
Okay let's jump to the analysis, first we have to review last week prediction :
Previous Week (16-20 Jan 2023) Prediction Review (Time Frame 1H) :
I have mention about POC (Point of Control) area in 1928, when it touch 1928 it create rejection candle making drop and HL 1896 created, this happen as prediction in Mon-Tue and continue the bull trendline from wed, in the wed bull is aggresively but news effect make it drop again until thursday continue the bull trendline, however i marked HL 1896 as a strong Low due to can break POC at 1928, in Fri Bull still Happen until its drop from 1937 (marked as Weak HH).
Next Week (23-27 Jan 2023) Prediction (Time Frame 1H) :
Scenario 1 : If the bull trendline still valid and continue, we will see retracement, you can use fibo tools and find retrace area from 1917, 1912, and 1906, and after that we will see bull movement. For information, If we take a look at daily candle, this scenario supported by three line strike candle pattern.
Scenario 2 : If we see Monday - Tuesday still bearish movement and last HH 1937 break the Strong HL 1896, we can see first confirmation of reversal due to HH 1937 become strong HH, if this happen we will see next market movement due to next week have news and can make the price jump.
Above is my analysis and it can be different from the actual,
Please trade with your own risk, and mind your lot size with money management.
Don't forget to drink waters for your health.
Please support and comment if you want more analysis from me.
How's your trade from last week? hope all is good, and if not hope next week will be good.
Okay let's jump to the analysis, first we have to review last week prediction :
Previous Week (16-20 Jan 2023) Prediction Review (Time Frame 1H) :
I have mention about POC (Point of Control) area in 1928, when it touch 1928 it create rejection candle making drop and HL 1896 created, this happen as prediction in Mon-Tue and continue the bull trendline from wed, in the wed bull is aggresively but news effect make it drop again until thursday continue the bull trendline, however i marked HL 1896 as a strong Low due to can break POC at 1928, in Fri Bull still Happen until its drop from 1937 (marked as Weak HH).
Next Week (23-27 Jan 2023) Prediction (Time Frame 1H) :
Scenario 1 : If the bull trendline still valid and continue, we will see retracement, you can use fibo tools and find retrace area from 1917, 1912, and 1906, and after that we will see bull movement. For information, If we take a look at daily candle, this scenario supported by three line strike candle pattern.
Scenario 2 : If we see Monday - Tuesday still bearish movement and last HH 1937 break the Strong HL 1896, we can see first confirmation of reversal due to HH 1937 become strong HH, if this happen we will see next market movement due to next week have news and can make the price jump.
Above is my analysis and it can be different from the actual,
Please trade with your own risk, and mind your lot size with money management.
Don't forget to drink waters for your health.
Please support and comment if you want more analysis from me.
