This is so simple
1.Market is making higher highs and higher lows
2.There is less intent to move to the downside
3.We are not breaking structures loads of wick movement
Ill ask GOD Surely he will open our eyes to spot more quickly
With NFP Approaching tomorrow the markets have been slowly losing momentum and some liquidity taking should be expected
Daily structures don't seem to be broken aggressively
Taking a patient look at what happens today at New York open
This set-up shaping up so good .
We noticed that we have been in a down trend Monday we had a push up phase however I noticed on the chart there has been a loss of intent to the upside furthermore with the dollar weekly chart signalling upside movement it is clear to see why this is stalling at resistance point.
Confluences so far
Lower highs and lower lows are...
I Expect to see some futher continuation to the downside let's look at the reasons why.
×Market is failing to make new higher highs nor is it creating any higher lows so it means there's a short-term loss of intent for price to roll up.
×On daily structure we currently didn't manage to close above previous lower low point
×we in a down trending market...
After a surge impulse move up yesterday we seeing the market slowed down now taking liquidity in my opinion it would be best to to execute any trades till we get a break of structures retest moreover some major confluences into our pot and top it of with continuation candlestick patterns for now we waiting while liquidity is been taken out
With the dollar yet to be decided on it's long term movement we should see
gold movement slow this week before nfp N.B(MY OPINION) However looking at the weekly trend line could we return up? Be sure to let me know what you think
Still undecided on the dollar as the weekly broke higher however we would need to see more on lower intraday timeframes confluences like higher highs and higher lows ahead on nfp we should see slow movement as well to try trap traders
Hey traders, noticing a lot of top crypto coins are breaking out of these long down trends. Could we possibly be coming back? Big volume, surpassed previous overhead supply. If we can hold here and pass the initial level drawn out, this would further confirm the new uptrend. Keep an eye out on quality crypto projects. Could be making a comeback!!!!