DAILY STRUCTURE
1) on daily tf, market has made a bearish move with double top at the peak before continue its downtrend move
2) still on daily, price has break previous Higher Low (1.4582 level) and forming latest lower low structure (1.4512 level)
3) This could conclude that on long term time frame, price show SOG *sign of weakness* in daily tf that lead to bearish market
4H STRUCTURE
1) Clearly a double top pattern form with neckline at 1.48277 level
2) Im expecting price to reach first its neckline double top fist before continue its downtrend move
1H STRUCTURE (into the grey)
1) on 1H TF, price still on downtrend move with no indication that price will go on uptrend (HTF retracement)
2) 1.465 level will be my decision point to buy or sell
a) SELL POSITION : Price making a inducement structure with clear rejection close candle in the zone
b) BUY POSITION : price close above the zone and looking buy setup after breaking the zone to jump on bulls moves (retracement on HTF)
1) on daily tf, market has made a bearish move with double top at the peak before continue its downtrend move
2) still on daily, price has break previous Higher Low (1.4582 level) and forming latest lower low structure (1.4512 level)
3) This could conclude that on long term time frame, price show SOG *sign of weakness* in daily tf that lead to bearish market
4H STRUCTURE
1) Clearly a double top pattern form with neckline at 1.48277 level
2) Im expecting price to reach first its neckline double top fist before continue its downtrend move
1H STRUCTURE (into the grey)
1) on 1H TF, price still on downtrend move with no indication that price will go on uptrend (HTF retracement)
2) 1.465 level will be my decision point to buy or sell
a) SELL POSITION : Price making a inducement structure with clear rejection close candle in the zone
b) BUY POSITION : price close above the zone and looking buy setup after breaking the zone to jump on bulls moves (retracement on HTF)