Expecting those highs to get taken out then wait to see if price goes into a bearish institutional order flow
Technically the pair looks good pretty bullish i might say Looking forward for some pullbacks this week see if we can find any opportunities Goodluck!!!
I an upcoming buying opportunity on the pound sterling....Patience is key hope you like my idea
Chart already told the whole story...spotting some price action from last week's trading session. Closed the week with an engulfing candle on Daily at a potential support becomes resistance area and vice versa; creating a new demand zone. We want price to actually break highs and ccreat higher highs and higher lows on smaller T,F'S to make this ds zone even more...
If price breaks a trend line, it doesn’t necessarily means that price will continue moving in direction of the breakout. We should be more focused on the structure of the market. The structure is clearly bearish but honestly on weekly T.F theres no single supply zone but on daily I see some potential value expecting a pullback into supply zones for sell entries...
Price just touched a decending weekly trendline.I dnt wanna jump in to this kind of touch to short But We currently close to a supply zone....waiting for some bearish price action to go short on this pair. However we dnt wanna hold too long ,first target anticipated at the next Demand zone. Process over outcome Hope y'all like my idea Goodluck!!
I see liquidity pools being collected. On the chart i see a possible morning star on daily otherwise expecting a potential pullback into the area of past support ; becomes resistance.However it would much better if price went into that area of supply for some sell entries. I hope you like my I dea,not finacial advise but following the process over outcome is...