Looks like 1H head and shoulder is forming.
Took 50% profit. and rest B/E
I am out of this one till further notice.
Reason is, very choppy price action and that Head and shoulder pattern on 1H around 11500 region.
Waiting for that 11500 region to reveal itself before taking any decision.
If it goes downhill from that 11500 region, i will watch closely on...
Daily 3 pinbar formation = sellers gather strength after small retracement.
1.66000 inportant region to watch out for.
4H - Head and Shoulder.
Weekly - previous candle forming a shooting star with a big wick.
Think we can see a small tap on 1.66000 before going further down.
Might go through and tap my zone upwards to that A.B formation.
Daily Bullish enguilfing after 67400 was respected, closed above outer trendline.
Daily left a 3 pin bar formation aswell.
Entry on 1h after 4h zone was respected.
1H double bottom.
Trend has switched after previous LH was not respected.
What is the market respecting? and where are we in the market?
Leave the LIKES for feedback if you like this.
Have a good one.
4 days consolidating, resting on inner trendline.
Rejected by Daily FIB. A.B pattern.
Closed as a big Bullish enguilfing candle on Daily TF.
LL and LH on 1hour timeframe make me believe we
will go further down to 11800 region before going further higher.
My entry will appear if we respect those 11800 regions, and make a triple bottom with a good Entry formation on...
AS DXY LOOKING WEAK.
Weekly closed weak. Big wick to 1.3300 region.
Respected Daily A.B pattern.
Daily also left a BIG bearish marubozu candle.
And a previous uncertain candle closure after that.
4H we can see a retest up towards weekly Res
1.3250 Region before further downside.
If the trade went downside before our risk entry we can wait for entry 2.