Hello friends!
Price broke 151 = which is the higher low uptrend support.
I entered shorts at 151.85
which is a 1H supply zone
a.k.a. 1H orderblock
with stoploss above the highs around 152.
When the price broke 151,
it created a lower low 150.8 giving a clear bearish trend shift confirmation.
Market gave us the best price to enter shorts as we enter London session.
Price broke 151 = which is the higher low uptrend support.
I entered shorts at 151.85
which is a 1H supply zone
a.k.a. 1H orderblock
with stoploss above the highs around 152.
When the price broke 151,
it created a lower low 150.8 giving a clear bearish trend shift confirmation.
Market gave us the best price to enter shorts as we enter London session.
Note
reverse chart Note
Price officially shifts bearish signaling the end of the uptrend pullback breaking structural higher low support creating a lower low as N.Y. session starts.Note
4HR chart still remains bullish until 4HR structural higher low support (151.44) is broken. Once price breaks this support. Bearish confirmation will be complete targeting 150.8 low
Note
added 2nd entry Note
chart updateNote
We are currently making new lower lows. N.Y. session went below 151.725 creating a new lower low
To continue the bearish momentum, price must hold below the resistance that broke support (151.848)
Note
Currently floating around 8%-10%151.848 is the key level serving as resistance that must hold to continue bearish momentum
Note
Chart update1HR structure
Series of lower-lows
Resistance is 108.848.
Note
CHART UPDATENews release in 2mins CPI USD
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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.