We could see a rejection of this price level and if so I'll add to my long term positions . However , if we can break past the zone price is currently testing , I'll be looking to enter on a pull back . Given the halving and the global economic situation we may see a parabolic surge in demand for a hedge against central bank funny money printing. Let me know what you see!!
If you entered on the pullback call you should be up good right now... might add a position if price pulls back again
The gap could be filled just to continue upwards the gap could be filled and passed thru on to the downside Price action will be key in order to solidify bias . / /
As you can see we notice this retail decending channel, we expect price to break through this channel and head to our sniper zone (Marked in purple) and then head downwards and break past the previous lows.
I see NU nearing a strong level of support looking to enter on a sign of a rejection that price zone... if it breaks past that level I will look for a short on the restest of the bottom of that price zone.
We could see price head down towards this sniper zone, and then head back up to fill the gap of imbalance.
We could see price coming down to marked sniper zone (Purple) and reversing to take out them equal highs to grab the retail liquidty.
We have a Sell limit placed at our entry 1 point, but we do have 2 possible entries, just make sure you use correct risk managment. We expect price to head up to our entry 1 point and then head down to take out them equal lows (Marked "Liquidity") where price could keep pushing down or reverse.
We expect price to come up and retest the sniper zone (Marked in Purple) and head down to break them previous lows, to an old Reistance/support area. Sell Limit @ 1.414 Stoploss @ 1.42 Take Profit @ 1.4
We have a possible sniper entry for EU, we have the sniper marked with blue arrow that is a break of lows to grab liquidity, we are expecting price to come down and retest the open of the bearish candle and head up towards the other sniper area.
I'm in for a buy to sell overall expecting price to keep a strong trend to the upside... Seeing price move to zones it likes on this pair quite a lot. Oversold on the Stochastic RSI as well. -Let me know what you think, would love ideas!! O.O
On the monthly time frame we can see the Orange line (Retial Support) has been respected more than 3 times. Price has broken through this support level to take out retial trader that entered Long posoitons at the support area. We could see price head back down to the sniper zone (Marked in purple) to take out any eary retial long traders and then head up in the...
We have this retail support zone where price broke through previously. We have this retail head and shoulders pattern forming on the lower time frames which retail traders will be watching. Price should come down towards to he sniper block (Marked in pink) and then in the intended direction. This will be grabbing retail liquidity so the institutions can get in at...
As you can see we have an order block (Marked in purple) where retail trader were trying to sell at the resistance area. Instituations then ran price higher and trapped these sellers. Price is now coming down to retest that order block. So we could see them keeping price above this order block
Price this week broke through the highs to trap retail liquidty. Price has now reached our sniper zone. Look for shorts!
Price has come up to this sniper zone, we have set a limit order at this area hoping to catch this move back down to the area of imbalance.
As you we can see price has come back up these previous highs (resistance level or zone). Price formed a head shoulders pattern just before out entry and a sniper entry zone.