Waiting for clear market structure. Possible looking for two events at this last week of the month and setting foot on 4th quarter of the year. 1, Price may retest the previous key area , not break out on resistance line and create LH good for shorts as continuation Then accumulating of pressure above the common support level . 2. Break Out for Long. Bias still...
My bias still short here. I'm looking for a consolidation first before showing its clear price action. Waiting for right position to take short entry. If we are going to continue stretch down, there are key areas need to retest (or TP level) like the lower channel (support) or the previous key areas.
Market structure keeps retesting the key area / support line. And if it break below and retest then good place for shorts. This week maybe more accumulating of pressure. But for me there's selling pressure still in play here. But if it creates HH - HL then you know what it is. Last week my small entry paid off. But broke out before end of the week and...
Just watching this pair. Looks like the structure respecting the 100 MA BLUE and 200 MA line WHITE . And the price action is sitting on the S/R level. Waiting game :)
Watching the Falling Wedge structure for this pair. If the price breaks again the resistance line good sign for log bias long term.
Series of Lower highs and series of Lows creating support line. Sample above shows price action tried and tested support line and resistance line. Hence, end up breaking support line to go for Bearish rally. Just sharing what have i learned recently. Cheers!
Sample and actual trade for EURCHF falling wedge . NOTE : There's a brief break out. Testing Support line for last time attempting to break support line again.
Sample scalping in 15 minute time frame with divergence.