- Daily timeframe [long term timeframe]
The last break of structure was bearish and we are sitting in the supply zone responsible for that break of structure. Will we see a sell off or a new high? Let’s look to the four-hour timeframe for hints.
• Bearish bias
- Four-hour timeframe [medium term timeframe]
The last break of structure is bullish, now putting aside my thoughts and just looking at the market, the four-hour timeframe is likely to break its weak high [41211.4]
• Bullish bias
- 15-minute timeframe [short term timeframe]
The 15m timeframe is aligned with the four-hour so I firmly believe that the market may want to revisit the weak high and potentially break the daily strong high.
• Bullish bias
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias [vice versa]
©Austin Palmer for FONOS Fx, 2024.
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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.