Strong trendline break
8H impulsive bullish push breaking previous structure
SSL has been taken,
slight FVG not quite filled this is left by the BFI's to collect orders at a later date
watching to see if price pulls back to the golden fib zone 50 - 61.8
and potentially respect 1.26200, 1.26500, 126.800 psycological levels
*** if anyone is interested the...
Yen index is approaching monthly support
this could give us a double bottom
last visited this structure point in Jan 2018
if price holds and moves (JPY index) bullish we can look for xxxjpy sells
if price breaks through i'd expect unmitigated monthly demand to be yen's next downward target however this would take a very long time to fill the imbalance
Back tested EU
Simple order block strategy incorporated into the asia sweep system i trade through London
Asia low wasn't swept and london opened mid asia range and continued through london and NY continuation
Trade was taken on Wednesday 9th March, possible push through both sessions with a thursday, friday reversal
Get to know your pair(s)
5m chart is...
Had a break of trendline showing possible momentum shift.
Bearish impulsive PA breaking 155.200 and retesting this level before impulsively pushing down breaking 152.800
Price broke through 152.800
Looking for a pullback to 152.800 and for price to continue bearish or we could possibly break through 151.200 and then look for a retest of that level before...
Potential to push lower and respect 29k (eql's).
If we breach 29k unmitigated demand zones are potential targets.
Potential push into ltf supply and daily demand to be mitigated (imb to be filled).
I am still bullish on bitcoin if 29 holds.
Trade what we see react and adapt.
Paint a picture of what's happening
Mark up to your setup and wait
React and adapt to market conditions
Asia high swept
Asia low currently being swept
looking for price to tap into LTF refined unmitigated demand zone sweeping liquidity in the process
Possible NY reversal
Looking for price to push down before returning to the upside
Will look to lower tf's to wait for a possible break of structure
DXY looks like it has potential to push up higher before a possible reversal
Bearish outlook in my opinion
looking for the small imbalance to be filled above the equal LH's
Tapping in to the supply zone for price to push down into demand and fill the imbalance and possibly form a n LL at the daily structure level
4H and higher TF showing downward momentum.
1.17000 acted as support which was broken and acted as resistance.
Slightly broken back above 1.17000
Now looking for price to take out liquidity and fill the imbalance.
Before a possible push further down to Daily structure.
Possible bear flag on the 1H
pullback to 43.5 - 44k area
43.5 - 44k area aligns with 8H structure
potential HL on the 8H (equal LL on the 1H double bottom)
which aligns with 43.5 - 44k level on 8H
and potential 3rd tap on parallel channel support
Looking for price respect support and push back to resistance or push down into structure and then push back up.
Always allow the market to play out until your confirmations are present before entering
Multiple outcomes for this pair which i've roughly outlined a few on the chart.
However i am expecting as stated on the chart.
One i'm watching and as always will react and adapt to market conditions.
feedback welcome as always, trade safe guys.
My personal bias is still bullish.
If we can hold above 35k i believe we will see 40k - 42k once again.
Longer term should we break 40k - 42k, then 60k is easily achievable once again.
Currently waiting for pullbacks to the 32k - 33k zone and would look for long opportunities from here.
All charts, analysis are all in my own opinion, do not deem this as fact...