well , after the indecision to the left was cleared to the upside , but price didnt really advance and found resistance at the former high @ 121.88ish , we tested the MP of 118.6ish several times the level held support but we made no real upward progress after that , we even see some recent lower highs wich all in all speak for weakness in the making , a break...
Breakout of resistance level @ 0.79200ish any pullback back to that level can be used to look out for a long entry
A detailed description od scenario 2 (rejection) If the former Fair value @0869ish gets rejected due to a lack of demand ie. no one is following price any higher , and we make a series of lower highs ie. former fair value is now considered unfair high we might head down to test A) the lower channel line and /or B) the fair value of the recent level where price...
A detailed description of scenario 1 (long breakout) To the left we have a former balance area , ie price was in equibilirium with a unfair high @1018ish and an unfair low @072ish , wich gives us a former fair value of @0869ish as we are recently trading/testing @ that former fair value , one might expect a rejection of that level , which can be seen as...
pretty much covered every possible and playable scenario on EU H1 , just observe price and which scenario plays out, plan the trades and trade the plan ;)
the recent signs of strenght in AA , could yield into some long setups , i drew in two scenarios to participate in a potential long setup
Hmmm , the signs of strength fail to unfold in platinum , the high volume at the supportish level, wich holds price above it , shows some buying activity , as price stays above the level , yet no one is follwoing price any higher the first rally after the high vol. spike at support , stopped at the middle point of the range at 1540 the second rally failed to...
If we see a developement of a indecision between the supplyline(pink) and the actual lows / and 620 a breakout either side would give further clues , to what levels we might trade towards too.. a Breakout to the Upside would indicate strenght ,with a rallie till 810 ahead , this breakout would probably be wild and volatile ie. momentum driven . due to the...
We have a pot. selling climax at our hands on BTC , the SC would be confirmed on a retest of the lows. if that retest does occure and it would be successfull ie. forming a higher low , we would have a pot. long setup to play aswell as this would be a sign of strength .. per se...
The recent Indecision resolved itzself to the upside , but the following rallie stopped just shy of the Pink supplyline and formed a lower high , however the decline got rejected @865 the former MP of the indecison , this is a sign of strenght and adds to the allready strong background , therefore a long setup like the follwoing would be justified : Entry @...
The current situation has a potential Indecision at hands wich could form between the Pink Supplyline and the Blue Demandline with 900 beeing the Middlepoint. However any successfull retest of 845 / the lows @800 are bullish and a rallie could start to test 1000 yet again if 1000 holds again we could form a range between 1000 beeing resistance and 800 acting...
The current situation has a potential Indecision at hands wich could form between the Pink Supplyline and the Blue Demandline with 900 beeing the Middlepoint. However any successfull retest of 845 / the lows @800 are bullish and a rallie could start to test 1000 yet again if 1000 holds again we could form a range between 1000 beeing resistance and 800 acting...
as we are in a rallie wich took out 845 wich was a capitulation point for the bears we are on our way to the psychological important 1000 mark... a Bearish reaction @1000 could lead to a decline till 845 , however if we see bullish activity or a rejection at this level we should judge that action as a sign of strenght. a further decline could see a further...
as we are in a rallie wich took out 845 wich was a capitulation point for the bears we are on our way to the psychological important 1000 mark... a Bearish reaction @1000 could lead to a decline till 845 , however if we see bullish activity or a rejection at this level we should judge that action as a sign of strenght. a further decline could see a further...
a potential short of the MP , ie playing a rejection of 1156 , could lead to a test of the lows @1080 (support) whereas if that support breaks , we might see 850 again