MARKET STRUCTURE
Updated
4H CHART BREAK DOWN
- YOU CAN SEE 4H IS CURRENTLY IN AN UPTREND, BULLISH (1 ST CONFIRMATION ON LONG POSITION)
- PREVIOUSLY BROKEN RESISTANCE IS NOW TURNING INTO SUPPORT (2ND CONFIRMATION)
- FIB FROM PREVIOUS HL ON 4H CHART TO CURRENT HH IS AT A 32.8 RETRACEMENT. ( 3RD )
- TP IS AT -27% OF FIB RETRACEMENT
- YOU CAN SEE 4H IS CURRENTLY IN AN UPTREND, BULLISH (1 ST CONFIRMATION ON LONG POSITION)
- PREVIOUSLY BROKEN RESISTANCE IS NOW TURNING INTO SUPPORT (2ND CONFIRMATION)
- FIB FROM PREVIOUS HL ON 4H CHART TO CURRENT HH IS AT A 32.8 RETRACEMENT. ( 3RD )
- TP IS AT -27% OF FIB RETRACEMENT
Note
Should've extended my stop loss a little more under my support,still bullish and confident my TP will be reached
Note
as you can see TP was not hit by a few pips, I was trying to take a counter trend on the 4H time frame , If you go to daily you will see the current trend is bearish . Next one!!
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