The price made a false breakout of a strong level and again went into the zone of imbalance. I assume the beginning of a strong downward movement.
Colleagues, I answer Your questions - how I look for the direction of entry.
The trend on H1 and H4 has not changed. The price is in the zone of imbalance. A u-turn formed. I assume the upward movement in the American session.
The price has reached the first target level and at the moment there is a correction. I assume entering the zone of reversal and continuing downward movement.
The price came to the zone of imbalance and did not break through a strong support level. I recommend searching for positions to buy.
In this short review I describe one of my trading techniques.
At the request of colleagues, I describe my trading rules.
I assume that the price will decline, because: Players will close positions before the weekend; at the Top of a very strong level of resistance; There was a long period of consolidation(in the Us and Eastern trading sessions)
The consolidation period is coming to an end. A strong participant gathered a large number of positions. I recommend searching for the entrance to the purchase.
The exchange rate of the us currency during the European trading session changed significantly. I assume that during the us session there will be a strong correction in the price of the index down.
The price re-tests the imbalance zone. Trend hasn't changed. I recommend searching for entry to short positions.
The price has finished the correction and is in the zone of imbalance. I recommend searching for short positions.
The price has tested the reversal level and is in the zone of imbalance. I recommend to look for the entrance to a short position with these goals. Login search before the North American trading session.
The price consolidated during the Eastern session. I assume a downtrend after the breakdown of the support level
The price made a turn down in the last session and re-tests the imbalance zone. I recommend searching for entry to short positions.
Yesterday, the price made an attempt to change the trend to an upward one. Today there is a re-accumulation of positions in the area of imbalance. I recommend looking for entry points to long positions when breaking through the upper boundary of the imbalance zone.
In the last trading session, the price made a false breakthrough of an important resistance level. I recommend finding entry points in short positions.
The price has made a u-turn on H1 and is in the zone of imbalance. I recommend looking for entry points in long positions.