price is likely to retrace back to the 12900 level, then continue going to upside with momentum after finding liquidity at the level.
price is in a range, i will be waiting for a break and retest in either direction of the pair, until then im not looking for any trade opportunities on this pair.
based off of basic market structure price was in a clear down trend, forming lower lows and lower highs which is bearish structure price then double bottomed which was a first indication of a reversal, price has now broken and closed above the the high 1.35557 which confirmed the reversal, for and entry to go long on this pair i will be looking for price to...
This is an analysis based on technical(market structure) and sentimental analysis, using the 4H time frame, which is my main time frame as a day trader, i analyse the charts in the most basic way following the direction of the market, in this case i'm looking to sell with confirmed evidence that the direction of the market is down,due to the HL'S and LL'S which...
waiting for price to break either side's of the rang and gain direction, to gaing a bias on which direction to go, but not i will trade with the direction that the market goes not where i want it to go.
price has broken a major low with strong continued bearish pressure, now wait for price to exhaust pull back to test the support that might turn to resistance before going short on this pair.
based on structure the market has been forming lower highs and lower lows indicating sell bias/pressure on the market, looking for price to continue dropping until well pressure starts to die down.
current market sentiment is clearly sideways,though the the market is trending upward a continuation is not promised ,we have to wait for price to give us more sighs on its next direction before we go long or short on this pair.
waiting for price to break either the support or resistance before going long or short on the pair.......