Market Just made a Third touch on my Ascending trendline which made a strong push breaking structure. placing the Fib for an OTE 61.8% entry to go short. If the Market respect my entry and also violates the Black-trendline, then i look forward to the 1.31 region as next target. Eyes on the Market.
Market broke out of range.. Looking at H1 for retest to go Long, i watch for PA on that Area too in case the market does otherwise. with my 200ema below market, My next target 82.700 level which is also a D1 Imbalance. 80.700 is also a level i keep my eyes on.
I'm expecting a break out of the Trendline, as well as 0.91800. If that happens, my next target would be the 0.92875 level to form a Double top. Market took out Sellside liquidity at New York Open.. coming back to mitigate( the IC Open Order).
Relatively equal highs at sig. level got taken out yesterday and sold off creating structures.. I'm waiting to go short at my Entry zone or when i see a strong H1 rejection candle in my Entry zone and sell probably to the previous levels. watching this market closely.
I had a sell-stop order placed at the previous support after seeing price rejecting 0.91730 which is also where the 4H order block is and yet took out the Buyside Liquidity to the left. Now with the strong bearish candle, i'm looking to stay in this trade to 0.90000 hopefully.
The Market went for a Sell-side Liquidity purge on September at 0.90000 level and traded away creating structure HH/HL to the upside.. Few weeks till present Market trading back making structure LH/LL, currenting sitting around 0.90300 with relative equal Low after the market failing to break structure at around 0.90800. I look for bias to the upside, either it...