Market broken the low of the re accumulation range thus a pullback is expected for a continuation to fill in gaps grab liquid from trendlines etc but by no means is the market reversing it's trend from 3 days against the trend lmao this trend is strong there's no weakness the crown trend doji n narrow candle etc n tbh rn this pair is the perfect text book layout...
Doji under the daly average after a up move only mean long term selling
Looking at it from this perspective it could b a wedge breakout as the pair is still rsi n average bullish I'd brought this pair cuz it gave me a cheap buy entry in the mist of selling n I like taking those trades cuz I think it's more here then what's on there surface Can the candles formation fits the narrative n if it's against with the herd is doing I'm in...
Eur is doing exactly what it needs to do here as we said it would it's accumulating one good signs of accumulation is the bar being placed we see big bull bars the type of stuff it need to go up still flavor a dwn move first but we'll b ready to buy any trap move we won't buy the breakout cuz in the context of this market it'll only get smack dwn Gl
Market us chopping away at support So after it's completion I'll like to see a run up As to lure un educated buyers to buy n when the market liquidify them I'll b ready to catch that move dnw give me a cheap price to sell on and a tight sl with a huge tp So I'll b waiting We will remain bearish on this pair until a high is able to maintain it's height n...
Said this market was preparing itself for a bull sweep last month bear cycle
Here We can see the intention of the market As price broke from the up candles n broken structure as a liquidity grabs as price broken back above it immediately went up softly to test the demand at this level demand is tested by seeing how the bears drop price to see his much order remaining at this level from the up candles where the vol n mom of the drop will...
They need to fix this n stop playing wouldn't trade this if for anything Ur broker will make more than u off of u on this pair n carry fees
Market is making a bear flag sellers are stepping in a retest of the high is desired before a continuation in trend due to the aggressive move up but we may not get it at current level thus it hard to invest in this pair long term well continue to watch for it despite we are bearish on this pair anyway
We waiting on this pair as we seen this sell way before it happened but we knew it was more to this than just that price rushed up to this high with great speed climax n tested the demand there the low test showed us that price will most likely recover so we wanted to see how the selling will perform n we can see there has been no increase in Mom as price retest...
We can see the tops are of lower high on the rsi with h3 putting the rsi below the positive regression as it failed to maintain positive Vol from H2 to h3 was decrease showing us that they sold the buy up hence this is why price is back at support and we can see the surge of vol as sell order that came with that selling at support increasing the vol at support...
Here we can see the flushing of market order with a high test on lower vol as the market flushed out what remains at this level n hence why there's a difference in the momentum difference n the selling at this level thus expecting the market to move higher to add to the move When the market finds support n at this support we canway out the selling power of...
If the vol if lower than previous signs of weaknes at resistances on the buy limit side of the market this means supply is weak we can see less vol coming from resistance this means less vol to push price to the sell limit side of the market thus there no change of trend price will rise As the low volume shows an hadn't participate to drive price lower as I...
My advice for those who are learning methods n different principles The best teacher is experience And what I had learnt as I was the one like u that try to put labels on price into a schematic etc n try to trade it What I learn is that is a waste of time Why? They often lead a schematic into another one so u'll have one redis n the a acc all in the same damn...
Would love to see a pullback after breaking the demand n within the perfect trading world we can anticipate that also it’ll be good as most of these ppl look for anything to buy or sell on regardless of what price is doing or did it’ll b a nice fake upward moves giving me a discount here but I’m not foolish enough to be a buyer But the truth is There’s no...
Remember this market is bullish n is respecting The bears are very weak this can b proven on many levels on price action in with indicators that judges volatility where we can mathematically analyze the momentum being generated on both sides of the markets collectively this market was severity overbrought Price is slowing dwn dramatically over the last month...