phowops

phowops

On 30mins TF, we can clearly see that the 4hrs pullback created a mini sellers trend here. However buyers just broke the mini sellers trend line and has a chance to rally up. It broke the trend line, retest it and now trying to rally up. Entry now will be good.

phowops

We can clearly see price is trending upwards. So we needed the pullback so we can buy at a discount. That pullback already happened. We will see it more on 30mins TF after this post.

phowops

So this is the lower timeframe we talked about in the last post. Here we can see that short-term TL showing buyers are here and they are trending. However we can't just sell because buyers are here, we need those buyers to lose momentum. That will happen when that short-term TL get broken to the downside and makes a lower low. If that happens, then we will take a...

phowops

So market made a gap over the weekend for whatsoever reason. It doesn't really matter. What matters is that market is in a bearish trend on 4hrs. It pulled back to a major daily zone and reacting at the zone. However to sell this, we need buyers to come in so we can sell to them. To see if buyers are really around, we have to go down lower timeframe. The lower...

phowops

This is the lower timeframe I wrote about earlier. We can see the mini-trend sellers respecting the short-term bearish TL. That shows sellers are around. So we have a strong bullish trend on 4hrs and a short-term bearish trend on 30mins. This creates a conflict. To resolve this, I will wait for a break of the short-term bearish TL and a HH before making a buy entry.

phowops

On this timeframe, market is trending in the bullish direction strongly. It pulled back to the daily zone and reacts there with wicks, that to me shows pressure from below. However, to buy, we need sellers to buy from. Those sellers will be seen on a lower timeframe. That lower timeframe will be posted above this one.

phowops

On 30mins, we can see the pullback clearly with higher-highs and higher-lows making a mini buyers trend within a major sellers trend of 4hrs. To solve this conflict, we have to wait for the mini-trend to get broken to the downside and a lower low. That shows the mini-trend reign is over and the major trend has kicked in.

phowops

On 4hrs market is trending downwards. It pulled back up to a major daily zone and reacting there at the moment. So my bias is to sell this pair, however for my sell to work I need buyers to sell to. I will see buyers clearly on a lower timeframe. Let's look at that now.

phowops

So on this LTF, we can clearly see the mini-trend of the sellers. We have to wait for their reign to end by break of that mini-trend TL and a higher high. Then we can make an entry for a buy afterwards.

phowops

On 4hrs, market is still in a big trend even if it appears to have broken the EMA. So we get a pullback to the daily zone and a reaction there with the wicks/tails. However to buy, we need sellers to buy from. To clearly see sellers, we have to step down to a LTF. There we will be able to see the mini-trend of sellers. The LTF chart will be posted after this.

phowops

On 30mins timeframe, we can see the sellers trend with that short-term TL I drew. So we have a conflict. To solve this, we have to wait for the short-term trend to end by a break of the TL and close above it. I will update you on this trade.

phowops

As we can see on this 4hr timeframe that market is in a bullish trend with price respecting the daily zone and bullish TL. However for me to buy, I need sellers. The retracement we see on this timeframe will be a sellers trend on a much lower timeframe. So I will post a 30mins timeframe after this to show the sellers.

phowops

So on 30mins, we can see the buyers trending by respecting that short-term bullish TL. A sell signal for me is when that short-term TL gets broken to the downside and makes a lower low. My potential SL/TP is shown on the chart. TP is that support below. I usually aim for RR: 1:2

phowops

Market is still in a downtrend on 4hrs. So my bias is for sell. However I need buyers to come in so I can sell to them. That deep retracement to the daily zone indicates the likelihood of buyers being in the market on a lower timeframe. So to see the buyers swings, check out my next post.

phowops

There's a typo error with the first title. It is actually EURAUD-BUY. So on 30mins, we can see the sellers trend indicated by that bearish short-term TL that I drew. A break of that short-term TL and a strong close above it shows buyers are ready to rally, and sellers are done with their trend. SL/TP as shown on the chart. My TP is at that hidden resistance level.

phowops

This 4hr chart clearly shows market is trending in the bullish direction with it's higher high and higher low. So my bias is for buy. However, I need a pullback which I get. The pullback is reacting to the daily zone and respecting the long-term bullish TL. Logically, for my buy trade to work I need sellers. When I look closer on a lower timeframe, I see sellers...

phowops

This 4hr chart shows that price is trending strongly in the bullish direction. Respecting and reacting to both the daily support zone and the long-term bullish TL. So my bias is for a buy but I need pullback. For me to buy, I need sellers. That pullback on 4hrs will be a sellers trend on lower timeframe. So the next chart will show the sellers trend.