👁️ OUTLOOK
5hr chart:
30m chart:
Context 5hr: Starting from left to right. Price is breaking bullish and surfing the emas. Then price breaks below the the 10,50,200 emas. Price is now breaking above the 10ema and breaking bullish and finally breakings above the 50ema. Price is looking very good on our context time frame 5hr. Now lets see what our validation time frame 30m is doing.
Validation 30m: Starting from left to right. Price came from a deep re-accumulation we saw on the 5hr, then price is now starting to break bullish and finally getting above the 200ema which is a very good sign that price wants to continue long.
Bias: Bullish. Price is looking very good to follow for longs this week, will definitely look to see if my entry setup on the 5m forms May 8th - 10th NY session to follow this long!
GOOD LUCK! Hope this was informative and you start seeing a repetition of the system I use taught by Mentfx (my mentor)!
5hr chart:
Context 5hr: Starting from left to right. Price is breaking bullish and surfing the emas. Then price breaks below the the 10,50,200 emas. Price is now breaking above the 10ema and breaking bullish and finally breakings above the 50ema. Price is looking very good on our context time frame 5hr. Now lets see what our validation time frame 30m is doing.
Validation 30m: Starting from left to right. Price came from a deep re-accumulation we saw on the 5hr, then price is now starting to break bullish and finally getting above the 200ema which is a very good sign that price wants to continue long.
Bias: Bullish. Price is looking very good to follow for longs this week, will definitely look to see if my entry setup on the 5m forms May 8th - 10th NY session to follow this long!
GOOD LUCK! Hope this was informative and you start seeing a repetition of the system I use taught by Mentfx (my mentor)!