first retest of a swap zone bearish trend so shorting bounces only worries are that LTF swap zone just below HTF demand zone just below
4h trendline uptrend HTF. LTF downtrend. might be a swing point 2nd touch
fresh test of demand zone doji on 1H to serve as confirmation candle HTF demand zone below. Only worry is that it's against the trend in general Minimum 2:1 R:R. could target top supply zone for a higher R:R
Looking at the chart, we're now at a pretty strong supply zone for ETHUSD. This might signal a rejection is in sight, aiming for the lower demand zone. However one thing to note is that there's a "V" shape rejection showing bullishness of ETH So if it plays out, we might see it break this strong supply zone and head up to the next supply zone. At this point I...
We got a fresh test of a demand zone which seems to be holding against the bear assult. We've already broken 2 demand zones (which i've removed the one with the lower timeframe) and formed a new supply zone which in my opinion it should come back to test before going further down. This could be the lower high or "E" wave If it runs through the supply zone, then...
Instead of takig gbpusd short, i'm taking this reasons: 1) no clue what USD is doing so avoiding correlation with it 2) RBD formation 3) Layered supply 4) GBPUSD touching HTF 2nd supply zone after cutting through the first one.
another potential zone on zone. Fresh touch. doji forming on 4h as confimation minor bullish trend major bearish trend Bring stop to BE once possible
Zone has been tested once, but looks like a zone on zone to me which should fortify the area. Furthermore trend is downwards.
doji forming on 4h at demand zone as confimation due to zone being not fresh
downtrend. Fresh zone to test. Currently LTF bull flag so could take it up to supply area based on 15min tf