H&S 4HR, Price violated previous HL and created LH to LL indicating the market is in a bearish environment.
There was a liquidity pool to left which was filled last week, price broke above retail "resistance" taking the stops and now there is a high probability that price will move to the downside.
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Chart Explains it all.
This is one of the strategies I use to catch swing moves on an intra day scale.
All confirmations in place for the buy once my yellow order block on M15 has been broken.
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Market structure on 4HR chart showing price making LH's and LL'S.
Trendline also confirming the down trend with fib confluence of 61.8% Rejection at high volume area.
We have brexit news in just under 3 hours at the time of posting this chart. Therefore, it could potentially provide the liquidity required to move this pair aggressively...
This trade is based on market structure. HH's and LL's being created best observed on the daily chart. 4HR trendine structure ready to break out and push price to the upside.
P.S Candlelsticks in black as I am trying out a new layout
Momentum from weekly to daily confirms bullish momentum. Re-testing previous order block turned breaker. Violated previous Lower High also indicating a bullish bias. Swing with 2 targets will be trading conservatively as with all swings.
Very simple and uncomplicated analysis showing my bias for EURUSD. I am looking to take long positions and for this trade I will scale in conservatively as we could hit the 61.8 level. First position will be around 0.3% and if it reaches the 61.8 I will add a further 0.7% along the way.
Higher timer frames from weekly to 4HR confirm strong bullish momentum. Strong bullish breakout from order blocks confirming momentum to the upside. High probability of this move completing as annotated. Swing move so be prepared to hold.
Anticipating upwards movement on cable. Higher time frames from the weekly to the 4HR confirm a high probability of upwards movement. This will be a swing trade, traded at 1% risk. The stop is fairly wide as i will be trading this conservatively, if you wish to trade more aggressively you can adjust stop below the swing low on the lower time frames 1HR, M15 ect.
50% of the big bearish engulfing candle has been hit 3 times
Strong price reversal zone marked out at 50% of the bullish engulfing candle
So we could see a retest of that zone to break to the upside which would be an MA bounce and could give us 2 entries/stack zones