Daily Narrative - Price is currently on Resistance, there are rejection on the level as well as a candlestick pattern which is engulfing
H4 H1 - Just straight forward, we have several confluence which include, price is on equilibrium price, price in supply imbalance, price in key level, price is supported by trendline as well as price is on MAHI on 4H
1h Setup Basic SMC Setup with BBMA as confluence. Kinda straight forward. I would say this setup have high probability considering we have all confluence combine.
Ending the week strong with almost 4%.
by the way should I teach you guys how to trade smc with bollinger band + moving average ?
I go bullish on this trade and here is my reason :
daily price does create a double bottom, minor break of structure, break of moving average high
4h price do create a break of structure to the upside, CSA to upside as well as price above EMA20, this pattern also happen in 1h timeframe, with all the reason above, I perspective of the market is that price can go...
this trade is more to counter trend to reach daily supply, this trade is based on multitime frame between 4h and 1h time frame, 4h showing we are on demand zone as well as above SMA 20 however it is compromised by ema 50, however when we look into 1h price does respect ema 50, hence I take the trade.
Story Line
Weekly Breakout
First Touch (Accurate) = Done
Second Touch (Auto Accurate) = OTW
+ This Setup can di ambi sebagai W-D-H1
If Entry Point Tani break = Counter Sell arah breakout
First my there is my Weekly resistance and my daily as my support - So done i know my direction
Now on the analysis timeframe which is H4 :
Price making a Chart Pattern that indicates its going down, so here im gonna take a sell opputunities on the Breakout zone
