GU at major bull exhaustion , longer term expectation a continuation down
price not showing any bearish confirmation yet of our expectation so any short entry on M15 with caution
breach of greenzone below can be viewed as first bearish confirmation following minor rejection of greenline exhaustion overhead
until then immediate expectation remains NSH then look...
multiple 1:1 exhaustion zone overhead suggests price will correct here
look to sell in the zone when price confirms our expectation and get to breakeven at the arrow.
whilst countertrend, this offers a potential high risk reward trade if this represents a larger correction / continuation
\get close to price, get close to source.
Source based analysis.
price is completing a two stage correction into redzone above
look to enter short for expectation of test of lows and NSL
Price can only tell us everything it knows about source.
Source based analysis.
requested by my fellow poster @f130nacci
price tells us order flow is immediately bullish, expectation remains NSH
Potential exhaustion zone completing overhead, according to price
From what price can tell us about source.
Look to join continuation short from zone overhead
Indicators will only ensure you are futher removed from price, and in turn from...
price suggesting exhaustion zone overhead, look to sell correction from here - countertrend with usual situational awareness
continuation long opportunity from below level wait for price to confirm what it can
get close to price get closer to source
requested by my fellow poster @RonaldAviles
EC remains bearish in the short term, wait for price to tell us all it knows about source before presuming to know what order flow is working towards.
Price can tell us what is knows. Get close to price, get closer to source.
price tells us all it knows about source.
Look to short at completion of correction into continuation low
immediate expectation is new structure high however expectation has severely weakened. price has spoken.
watch how price approaches 8020 for signs of expectation failure, order flow will translate through price.
medium term expectation of a break of 7986...
requested by a fellow poster:
Source based analysis on EU M15. Trade with expectation according to what price can tell us about source.
Two likely completion areas to rejoin continuation long to retest highs.
Order flow is source. Get close to price.