Price returned to a strong area of resistance that has a lot of selling pressure.
The buying momentum slowed down to begin forming LH's and showed the first new LL which indicates a sell opportunity.
The HL formed for a trade opportunity after seeing the bearish engulfing and exhaustion on the M15.
Entry is at that exhaustion area and the SL is above the...
After seeing the BOS after a bullish move to the upside, identifying a the support and confirming the HL was the next step.
The bullish variation was the confirmation to view the M15 timeframe and enter the bullish move for a 1:3 RR.
The target area was the -27% fib.
The SL was the area below the structural level (HL).
After maintaining an H4 structural level, we proceeded to see a higher low formed to indicate bullish sentiment in the market.
The fib retracement tool was used to find the potential profit target area usinf the -27% fib.
Then when scaled down to the m15, there was another structural break with bullish engulfing formation. This was the opportunity to enter the...
Based on timeframe analysis, this a intraday short trade centered around :
Break of Structure on the H4, H1 and M15
Test of a strong daily resistance level
Bearish engulfing candlesticks showing a change in trend momentum
Retest of the break of structure before continuation of new trend
I also showed my projected stop loss and take profit areas. Be...
Depend on a few conditions :
- the close of the next H4 candlestick below strong resistance
- a break of structure below the previous Higher lows to signal a possible change in trend
- retest of a mid-range support and a higher timeframe trendline
- along some sort of bearish confirmation on the smaller timeframes
- and for added confirmation a cross of the...
Based on technical analysis, GBPUSD has blown through previous major support and a major demand zone in the market. It's currently on a macro-downtrend, continuing with lower highs and lower lows. Top down analysis has shown that this pair is just in a small retrace at the moment, retesting the broken levels while still maintaining structure.
However, on the the...
![USDJPY: USDJPY could see massive SHORT - [Depending on these Conditions]](https://s3.tradingview.com/x/xgvynOPy_mid.png "USDJPY could see massive SHORT - [Depending on these Conditions]")
