Return from a DAILY SUPPLY level and form a not-so-beautiful HEAD AND SHOULDER pattern! JUST A VIEW, NOT FOR TRADE
By breaking the H4 trend line, there is the potential for the price to be reversed by H4 demand level and try to retest the trend line again.
yesterday we had a good trade on Brent up trend with about 100 pip profit. now it seems that the falling structure is being formed: 1) double top structure is formed. 2) The price is within the H4 supply zone. I'm waiting for entry trigger.
Return from daily level and move to re-test broken trend line.
1) The price is well respected for the downward trend line. 2) The price has re-tested the broken uptrend line. 3) The price has entered the daily supply level and there is an expectation of a return from that area. I'm waiting for the entry trigger.
AN SMALL SIZE TRADE WITH THE BREAKING D1 SUPPLY LEVEL.
It is possible to trade carefully, after the valid signals are issued.
While CHFJPY breaking the daily trend line, it has returned to a daily supply level. The retest of the broken trend line is expected, as it is possible to re-test and probably return from the supply level.
The DXY broke the recent swing as well as the trend line last week. There is the expectation of re-testing the broken trend line. Given the not-so-pleasant upcoming fundamental news for the dollar at the end of the week,The fall of the dollar is not far-fetched.
The high pressure of the last week sellers is evident in the daily time-frame and H4. There are two H4 levels of demand in front of price, each of which can reverse the price, And if these two levels are broken, the price is set to build an ABCD pattern.
I'm watching euro-dollar if it can complete the shark pattern and enter the daily supply level, then it can give an opportunity to catch the big short.
With breaking H4 SUPPLY ZONE, it can go up to DAILY SUPPLY level. IT IS JUST A VIEW!
OIL H4 SUPPLY ZONE REJECTION, JUST AN IDEA!
DOLLAR INDEX H4 SUPPLY-DEMAND ANALYSIS SEEMS A LONG STORY!