FX_ArteezZ

FX_ArteezZ

Price is now reacting off the daily demand, if bullish momentum couldn't follow through, and 4H supply take back control showing this demand failed to put in a new HH, we may look for short in MTF.

FX_ArteezZ

Now, we can see price is now entering the pullback after the recent bearish move. From the wick to upside, we can see there is still strong bearish pressure kicking in, price may continue lower from here, or it might move ascendingly to the 4H supply above and use the high of the wick as LQ before continuing bearish.

FX_ArteezZ

Price has now taken out the IRL from the left, if price form a distribution here, it could be a good sign for price to put in a new weekly LL.

FX_ArteezZ

4H turn back into bullish, price may now going after the daily IRL from the left. Depends on how 4H is giving the pullback, if price show strong demand and price unable to go down, it's a good sign for Long.

FX_ArteezZ Updated 

In 4H, we can see the way price move back up is relatively corrective to the way it moved down. Price take out the previous high and retrace immediately with 2 large wicks to upside indicating bearish pressure kicking in. If price shows a respect to the wick (internal 4H high), we may start to look for trade idea of short in MTF (1H, 15m, 5m)

FX_ArteezZ

As price still has a chance to continue higher to take out the daily IRL from the left, it's necessary to wait for 4H to show sign of bearish in order to build a trade idea for short as now demand is having the control in 4H. Not looking for Long ATM unless 4H show me true bullish intention. Else, short is still consider pro-trend. As in 4HTF, demand is having...

FX_ArteezZ

Based on the most recent impulsive move (bearish), supply is now having the control in HTF (Daily & 4H) and price is reacting off the demand, short is pro-trend, long is counter-trend. Default bias is to look for short trade idea in MTF (1H, 15m), only look for Long when 4H show bullish intention.

FX_ArteezZ

In dailyTF, we can see supply has taken back the control. Price is now in the pullback stage, if supply again take back control especially after taken out the structural LQ from the left, we may look for short until price reach to the major demand below.

FX_ArteezZ

Price is in bullish OF in DailyTF, price has recently taken out the EQL from the left and reverse immediately and formed a V-shape recovery, price may go lower first and take out more SSL before continuing bullish. If price take out the LQ from the left and give a significant bullish CHoCH showing bullish intention it will be a good indication for Long until price...

FX_ArteezZ

Daily is showing bullish intention, we could expect a new daily HH to be form. 1H market structure is now in bullish, price is reacting off the 15m major supply at the moment, price could form a pullback from here or to continue the bullish move from here too. Just keep in mind that playing short is now CT to HTF as market is now showing bullish intention.

FX_ArteezZ

Price is very likely to continue up until it take out the EQH and mitigate this 15m decisional supply.

FX_ArteezZ

Demand is currently having the control, price may continue higher to mitigate the deeper part of the supply, let see whether bullish momentum can follow through if it take out the wick.

FX_ArteezZ

Price gave a 15m bearish CHoCH and reacting off a 15m major demand. However, price failed to put in a new HH and show a respect to the previous swing high, supply then taken back control. At the moment, market is showing bearish bias while supply is having the control.

FX_ArteezZ

Atm, supply has taken back the control, as price is reacting off a 4H major demand, price may continue higher from here but further confirmation is needed.

FX_ArteezZ

Price could respect the low and reverse from here although there is a large wick with LQD. The reason this wick isn’t strong is because there is no bearish momentum follow through, in other words price didn’t move far away after this sweep. Also, we can see now demand is starting to hold.

FX_ArteezZ

Bearish momentum seems like unable to follow through atm, price just wick through the previous low. However, this still not enough to convince me there is a bullish intention yet, wait for further PA development. If price gives a strong bullish impulsive move from here which formed a V-shape recovery, I might consider for Long as this break might be a...

FX_ArteezZ

If price take out this low, we may say price is showing respect to the high as it tried to put in a new HH but failed, first level of respect (FLOR) in 4H found. We may then conclude that 4H is favoring short and demand has lost the control, insufficient bullish momentum to sustain the move (the ascending nature, and the way price put in new HH is the sign of...

FX_ArteezZ

In terms of 15mTF, price used the previous structural high as LQ, price tried to push higher but failed, we then get a reverse with impulsive bearish move, price then reacting off the last 15m major demand but bearish pressure is still strong, large wick to the upside, supply is currently having the control, I'm now favoring short.