With prices shy of entering the daily supply, a CFM entry has been supported with prices losing momentum on the H1 time frame
A potential counter-trend move has been identified with the loss of momentum in the H4 time frame as prices enter the weekly level on level demand. This short might prove to be difficult as prices are currently held down by the D1 demand and thus longs would have a higher probability should the D1 Supply be removed.
Prices entering monthly supply and losing momentum on the daily time frame. With CFM rules met, a potential short on the daily time frame has been identified
With prices penetrating deeper into weekly and daily supply, and losing momentum in the H4 time frame, a potential short entry has been identified
Despite being shorted out of the first rally base rally demand zone on the daily time frame, a second drop base rally demand zone long was taken.
A potential level on level H4 demand has been identified for a potentially rewarding long trade given the sideways market we have in the weekly and daily time frame
With the loss momentum and the removal of the H4 demand holding prices up, 2 potential supplies have been identified for a short to be taken on the H4 time frame
With the weekly supply removed, the daily resumes its uptrend and thus daily demand zones have been identified for long trades
Having removed the previous daily down momentum line, and removing the daily supply, there is a renewed upward momentum on the daily charts. As such, potential longs on the H4/ D1 time frame can be taken
With the weekly supply being removed, the daily and weekly up trend resumes and thus longs can be taken at the daily demand
With prices entering fresh daily demand and losing momentum on the H4 time frame, a potential long can be taken at the H4 demand zone
Having removed the monthly, weekly and daily demand, we've resumed the daily and weekly downtrend and thus, shorts can be taken at the identified daily supply zones with a good profit margin.
Prices having lost momentum on the H4 time frame upon entering weekly supply, a potential short has been identified
Prices, having successfully broke through the weekly supply, results in a rejoining of previous daily uptrend. As such, the high probability trade is to go long. Quality demand zones have been identified on the daily time frame for longs, but a lower time frame long can also be taken.
With prices entering fresh weekly and daily supply, a potential level on level long trade has been identified on the H4 time frame with quality demand. This is further in confluence with an upwards daily momentum for a high probability trade.
With prices entering fresh daily supply and losing momentum, a potential H4 intraday short can be taken
With prices rallying deeper into weekly supply and within high proximity of the monthly downwards momentum line, the most logical trade idea would be a short on lower time frames. Should the H4 demand be removed, a potential short can be taken with a good risk reward ratio.
The step-wise approach into the daily supply reduces the potential profit margin on another short trade on the H4 time frame. NO SHORTS ALLOWED IN THE MEAN TIME. Instead, might look for longs should the daily and weekly supply be removed.