ITS UPTREND ON H4 BUT THIS LOOKS LIKE NICE TO COUNTER BECAUSE THERE IS EXAUSTION ARE ON H1
AND ON M30 AND M15 LOOK LIKE DOUBLE TOP , ALSO LOOKS LIKE EMA AND SMA ON M15 AND M30 WILL CROSS
IM JUST WAITING FOR MORE CONFORMATION LIKE NICE BULLISH ENGULFING ON M30 ON M15 AND EMA AND SMA CROSSS ON M15
TP IS ON THAT AREA BECAUSE OF H1 TREND LINE AND H1 AND H4 SUPPORT
GBP/USD look short on daily and h4
H1: look like soon ema and sma will cross and its on 50% fibonacci retracement also there is nice bearish engulfing
SO i expect to drop TP1: 0% fibonacci
TP2: -27% fibonacci
TP3: -61 fibonacci (there is also weekly support on this level)
Also EUR/USD look like...
Structure is broken at lowewr time fram M15
Also at 38.2 at h1 adn h4 so we are going with trend its clearly in high momentum downtrend so just ridding it down until it broke structure at H4 after i will look fo buy setup
TP 1 -27% and tp2 -61%
Structure is broken at lowewr time fram M15
Also at 38.2 at h1 adn h4 so we are going with trend its clearly in high momentum downtrend so just ridding it down until it broke structure at H4 after i will look fo buy setup
TP 1 -27% and tp2 -61%
Wait for that pullback and then SELL
Reason SMA and EMA crossed on bigger timeframe
overall its downtrend broken structure on 4 h that is what i waited and now just wait for pullback
also ADX looks good for now for sell.
I will wait to se what will happend around this level 38.2 of fibonacci
I see this 2 possible scenarios se we shall wait to so waht will happend and entry a trade at pullback
WAIT FOR PULL BACK THEN ENTER
Break of structure also bullish pattern on 4h
adx cross DI+ and DI-
this is just market correction and after market will PROBABLY go down but lets wait and see what will happend
ITS MARTKET correction
overall its downtrend but market found support at this level so i think its time for pullback at 61.8 or 38.2
se we wait for break of structure at 1h and then enter a trade at that small pullback
by that time probably adx DI+ AND DI- WILL CROSS
Based of fibonacci level wait to retrace at 38.2 and keep going up
H4 bullish engolfing and structure is broken on h4 and h1 and m15 now wait for that pull back to open a trade
aslo on daily timeframe bullish engulfing
