Bias: Bearish (Pending Confirmation Post-News)
Higher Timeframe Context (Daily) Wednesday closed bearish –
4H made a lower high, and a bearish engulfing candle after sweeping the previous day high, and MACD turned from bullish momentum after making a higher high showing hidden bearish divergence
Lower Timeframe Breakdown
1hr made a market structure shift after making a higher
MACD made a lower high (bearish divergence), the price closed below Wednesday NY session POC
15M made a lower low + MACD lower low( convergence)
Higher Timeframe Context (Daily) Wednesday closed bearish –
4H made a lower high, and a bearish engulfing candle after sweeping the previous day high, and MACD turned from bullish momentum after making a higher high showing hidden bearish divergence
Lower Timeframe Breakdown
1hr made a market structure shift after making a higher
MACD made a lower high (bearish divergence), the price closed below Wednesday NY session POC
15M made a lower low + MACD lower low( convergence)
Trade active
played out nice could be more downside lets see how the numbers tomorrow after red news Trade closed: target reached
targets met lets see what price wants to do with the red news today
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.