H4 down trend, H1 break of structure and imbalance tp the down side
We are going long on this asset , because the price is at demand area and it broke the trend line, we may wait for retest and forming a bullish candlestick like engulping candle or pin bar for more confirmation.
Higher time frame is downtrend and the price already break down trend line, now we are expecting price to go down further.
The price is accumulating in a range, we wait for the price to break either trend line to give us the opportunity of entering the trade, we also wait for retest after the breakout.
GBPNZD Is already in a down trend 📉. The H1 pivot point has been break , the Price is heading to the nearest support level.
Break of structure downward to the nearest support level.
The Price is at support level right now. After the formation of an engulfing Candlestick or Pin. We can go long to 0.84600 where we have our pivot point. But if the pivot is broke and Candlestick closed above it. We take our profit at 0.84877. Thanks 🙏
Aslamu alaikum, everyone. If you look, we have a clear triangle 📐 pattern. We should wait for breakout from either direction ⬇️⬆️. Although, the volume of LONG Positions is about 94% while SHORT Position is 06% currently. Thanks 🙏
DXY is retracing and forming Penant Pattern we should wait for its breakout to reach Fibonacci 61.8 level.
1. The Price momentum is moving UP 2. The Dollar strength is weak 3. The Gold strength is high 4. Formation of ascending triangle. 5. Already in Up trend direction. 6. The Price tend to continue in its current direction.