It is clearly for us that the market is bearish and it rejected the previous support level. Now it could retest it again before it continuous to go down or there's enough volume to fall now.
The price now taps in our point of interest where we look for confirmations before entering a short position. Just be patient waiting and risk only what you can afford.
The price is very bullish but there is a minor zone that the market could react first before breaking it. But it could easily breaks that minor zone so just be patient and look for confirmations.
The price made an equal lows that could cause a push to the upside. But it could also breaks below the support level and continue to be bearish
Now that the market breaks the support level we are strongly bearish. So we just need to wait for a retest for a higher RR trade. But we could also get some decent trade if we ride the impulse now.
The market is very bullish and for us to get in we need to wait for the market to retest the previous support level. Mind your own risk and always look for confirmations before placing a trade.
Still ranging for now but as soon as we see a break of structure, either way we are ready. Just be patient waiting and look for confirmations.
Now that NY session is open we could see more reaction from the market now. Either a rejection from the support level or a break below and enter on a retest.
Two possible scenarios could happen here. Scenario 1 is rejection from the minor support level to target the resistance level. Scenario 2 is a break below the minor support then target the major support level.
In overall market structure we are still bearish but as the price now formed equal lows it could tell us that the price is not yet ready to break the support level. But when it breaks below then we are bearish on the retest.
The current price action is not clear but we could possibly get in on a trade by waiting for the price to break our levels. So either way we are ready just be patient waiting since NY session would come in less than an hour.
The price already broken the previous resistance and it gives us confirmation to be bullish. But since the current movement of the market is ranging we need to see a break above structure.
Now that the price rejected the resistance level we could ride the bearish impulse. But look for confirmations first and manage your risk.
Still waiting for the price to retest the previous high. Be patient waiting on this one then look for confirmations.
A 2 possible scenario that could play out. Scenario 1 is a break below the price and continue to be bearish to target the support level. Scenario 2 is rejection from the minor support level to target the resistance level.
The price is still moving sideways so it's either we should wait for a break and retest. Or a rejection from the resistance level then target the support level.
Still bearish in overall bias and now just waiting for a retest before going short. So look for confirmations in lower timeframe before getting in on a trade.
We might see a retest before it continue to go up to the resistance level. Or a continuation of bullish impulse might happen first so either way we are ready for our trade.