watching price action In its current state for a bullish close on the hour.
no doubt about that unless this trend breaks in a major way. look for next support or demand zones for entry long. Set close stops if traded Only for educational purpose.
3 test possible bounce for long side with good risk reward if price action is pointing in that direction.
looking at supply and demand remember when looking back to check other price support and resistance zones trend analysis, look for trendline bounce setups. BULLISH on Daily/weekly
looking to buy off the next 4h/D demand zone Trendline up on weekly and daily support levels
looking downside for now A few areas of suggested long opportunities. potential bank block demand and support zone above that potential 3 trend line touch.
confluence - seeing a sombrero pattern - support on higher time frame. - 2.5/1 risk reward. This could form a flag and push down.
through some testing I'm trying to attempt to limit my tools and try something basic like supports/trend bounces in a Particular 4h and daily sideways structure showing downside in a correction Confluence - Daily and 4 hour show Range bound/ basic support and resistance - Direction of move is clear - Trading the bounce of trend line down and will reevaluate...
short term down side right now. look for bounce and look lower for a buy if it breaks either line
This price has been holding for some time now. A break in price could mean much deeper lows.
Working with structure. I see many channels in this area and its a short time frame. Looking like a wave structure forming in some sort of wedge pattern. Still seeing further downside on longer time frames. Possible resistance in conjunction with last wave in this zones trend line up (not pictured)
looking for a bigger move on UJ Watch price action and set your risk
dollar is coming down. good odds unless we get a major wick on the DXY