HH & HL's shown on chart signalling uptrend since August 2019
At present, price made a HH.
Before a HL can be made, liquidity has to be provided for volume.
Thus, price will drop into the minor support before moving up creating a double top at the HH
Price will get liquidity in this region to move down to create the HL.
This HL will be in the Liquidity Range and...
Price broke down from the 1480 level due to Trade news and NFP News.
The price broke through the liquidity region and closed below on the 4HTF
Strong support is at the 1450 level, as the price consolidated in that area for a few days before breaking up
In order for the price to move back to that area, a liquidity grab for volume is required to push the price...
Price made a huge bullish move into May 2019 High Region.
On 1HTF, price made a few rejection candles in this area.
Price made HH, about to retrace to make HL
The price is at the support on the weekly and it bounced perfectly at this support. The weekly resistance is far off, though the daily is at 0.6939. However, approaching the end of the week, I would not place more emphasis on the daily over the weekly. On the 1H TF, you can see the price ranging and how clearly it bounced from the weekly support.
Also, this...
From the daily TF, you can see that the price is close to/ on the weekly support. Dropping down to a 4H TF, the price is ranging close to the support.
Now the price can either bounce off the support or break the support.
Since I’ll be entering on the 1H TF, I saw that the price was leaning more to the support. Wait for a confirmation on the 4H TF for a break in...
Price is ranging between support and resistance.
The price clearly bounced off support twice before ranging. This is on the 4 hr TF.
Moving down to the 1 hr TF, the price has now bounced off the ranges' support and heading up.
Long this position and close trade before it reaches the range's resistance.
After this setup plays out, a break of the range...
Rejection off the 4hr TF. Price moves up from support in an ascending parallel channel.
Entry should be off the 1 hour candle on a retracement back towards the support.
Trade closed before the hourly resistance formed within this same ascending channel.
In this setup, the price is trading sideways on the 1 hour. It is clearly in an uptrend channel on the 4 hour. Earlier in the week, price was rejected from upper channel trend line. It’s consolidating at the moment and ranging to the upside. The rejected channel trend line is resistance, and an ascending triangle has formed.
Either wait for a breakout or a clear...
