In time H4, after the breakdown of the descending channel and the specified supply area that has become support, it can move to the green box area after the pullback to continue the path to the first supply area, which is at least 100% of the previous wave, and then to the area The next supply will continue its movement.
🟩Sup: 0.049
⛳️Tp 1:0.05188 ~ 0.05340
⛳️ Tp2...
It seems that we will see a reaction to this demand area in the future.
In the past, we saw a strong failure of the structure, and due to the creation of appropriate liquidity levels, we can expect the price to grow again from the specified area.
BTC most of the pas month consolidated, took out Nov 2020 Sellside. its 50/50 at the moment, got to see what M candle does when closing. Neutral for now.
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Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
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270pips long possision.
Price is moving in a Uptrend and its broking resistance zone.
We can expect the price will move higher cuz its broking resistance level and its moving in a uptrend.
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We wait to see what the price will do but we think this is end of strong uptrend for nzdusd.
We are waiting for Breakout and Retest to go SHORT.
We can maybe see a big drop in the price in next period.
I'm new to posting my ideas here. However, after watching the market for quite a while, I believe that simplicity in this market is the best indicator. Keep It Simple, using simple pattern formations like 'Head and Shoulders,' Pennants, Wedges, and Channels will help to determine which direction the market is going from big scale to small scale, depending on...
