1. Bearish divergence on the 15m TF of the RSI 2. Price is at structure (resistance) 3. The bullish move up will need to be rebalanced and there is liquidity to be taken out at the bottom However, the stop loss gives room for price to take out liquidity (£) and rebalance the 50% of the bearish move, which is also a rebalancing of the bearish wick, before moving...
Bearish divergence on the RSI TP at structure as the breakout wasn't retested
My previous analysis as seen below was to sell AJ. Now we're getting to some institutional Points of Interest, I would like to buy. There are two entry points here so keeping the stop loss tight incase entry 1 fails.
Wait for price to break above structure, fail to break down and then you can enter a buy. Follow the arrows using the 30m TF. Stop loss around 1855.
Liquidity has been taken out. there are 2 options If price goes back above structure, we wait for a retest and buy if it retest structure and fails to break above, we sell
Sell when stop losses are taken out of the liquidity resting zones
Wait for price to take out liquidity and then enter a sell.
waiting for price to take out liquidity before the move up
See chart for entry, stop loss and Take Profits
I have 2 entry point with tiny SLs on them Please observe the candles before entering