Anticipating buyers to push price back towards the recent high.
rejection of houtly zone in confluence with fib retracement tool 0.382 and engulfing at the 1h.
We can see nice price action playing out at this zone, we have a 3 candle stick rule to the down side, and 2 reverse hammer on a down trend. Mi ratio is 2:3 wich is not bad for this quick intra day trade. I will see how it will play out
we can see price moved 200 pips in 0ne day engulfing 6 days of price action with 2 candles. we can see price reacted to the weeknly zone 1.27254 and making a huge move to the upside. we can also see a rejection of a counter trendline in confluence with the price zone. at this moment wee can see a dible top and the weekly zone 1.33212 and moving down with a lot...
Seeing price aren't able to push lower. Anticipating a push up towards the recent high.
If price are able to hold above 93 for the next few candles, a push up towards the recent high would be anticipated.
If price are able to hold below 193. Chances are a big sell would be able to push price towards the recent low.
Seeing how price are able to hold above 557. Would be anticipating a push towards the recent high.
If the buyers are able to hold around 1.848, a strong buy would be anticipated towards at least the recent high.
If price are able to hold around 30, a push towards the recent high would much be anticipated.
Looking for a deeper pullback with some struggles to perhaps go with the buyers to the recent high. Or higher :)
Looking for a further push up from this pair to the recent high.
Seeing the buyers are able to hold ground, It is anticipated that another push would be able to go towards the top of the range or higher :)
Seeing price being able to hold above 43. Anticipating a buyers to be able to push price towards the recent high.
Price reached the max level. It is reversal or rollback time....
Seeing the struggle of buyers towards the S&R, would be a good area where sellers would take their turn on the sells.
Vwaps entries intra-day&Scalp made me +50pips down and +50pips up in less than 30 mins. Other traders would be waiting for 3-4 day swing I scalp in 30 minutes :moneybag: Z- distance good for trend reversal confirmation. The vwap areas using it's areas as support and resistance in the chart and for entries and exits.