DerekLMS

DerekLMS

The weekly chart exhibits a bullish sentiment, while a closer look at the daily chart reveals an encouraging response in price action through a bullish engulfing pattern following a liquidity sweep into an FVG. I plan to initiate a short-term short position, but my long-term outlook remains bullish.

03:28

DerekLMS

I am looking at the bearish market this coming week, since we do have a very clean bullish zone on HTF.

DerekLMS

There is a strong resistance at levels of 1.16081 which bounced off the support and broke it at 1.15498. We waited for a pull back at previous support which becomes resistance. Expecting price to fall down to 1.4994 & 1.4442 previous support levels.

DerekLMS

Expecting price to pull back in to the 1.30516 region for a buy signal.

00:55

DerekLMS

Price has really been on a huge downtrend, and as they say a tend is your friend, I am looking price for break 20165.47 to buy up and waiting for a resistance zone for my short position.