OMITradingGroup

OMITradingGroup

Overall bearish market, here we have a bearish bat pattern, simple trend trade

OMITradingGroup

I know im not the one to explain things on here, but i like to just post for personal preference. By all mean please drop me a message

OMITradingGroup

Just a cheeky scalp

OMITradingGroup

I know i have just posted a long position this pair, but i know there are many people looking to short this. i think this could be a good opportunity if your bias is bearish.

OMITradingGroup

We have been putting in higher highs and higher lows. this is a good example of a simple continuation trade.

OMITradingGroup

So as you can see on this timeframe we have been putting in lower highs and lower lows, indicating a bearish market. with the break of structure yesterday its possible we could see a press down into previous lows. i would not be surprised if we saw a small retrace to test structure

OMITradingGroup

THINK THIS COULD BE A GOOD PLACE TO GET LONG. BIT OF A AGGRESSIVE TRADE, BUT HEY

OMITradingGroup

just a structure based trade.

OMITradingGroup

could we now start to see a possible change in trend, with the weekly trading at structure and the 4 hour putting in a bullish engulfing. could these be the first clues?

OMITradingGroup

Here is where i m looking to enter. Enjoy

OMITradingGroup

Look for some smaller timeframe structure...

OMITradingGroup

So we have taken the first trade with the bullish engulfing candle, now its time to look on smaller frames for another entry we could see a lot more bullish momentum from this market today. make sure you dont get caught out with any fake outs or trend changing signals

OMITradingGroup

I know its rushed but i havnt got time to go through everything... i may have time in a few moments but for now this is all i can give

OMITradingGroup

This has been posted early to give people the chance to watch the market alongside a possible entry. Always remember in times like this to always wait for the candle to close before looking for a entry

OMITradingGroup

As discussed we will be looking for shorting possibilities and this is a great one.. We have a bearish engulfing candle at small structure i have not put the structure on because it is very minor for those traders who can not stomach 60-70 pips then i would suggest waiting for a 1hour pullback into structure

OMITradingGroup

Looking at the daily chart we can see price was unable to break through support, putting in a double bottom. This indicates there COULD be some buying pressure coming in. Remembering that the underlying trend is bearish we would be ignorant to not thing about getting short..