possible head and shoulders pattern on daily tf -price broke structure on daily; consistently made LL & LH's -expecting tp to be imbalances that need to be filled at 0.70 & 0.71
played out accumulation schematic i.c. on 3 consecutive time frames break of structure
possible re-accumulation phase 1. waiting for price to either: a) retest demand zone and continue bearish b) continue bullish
possible accumulation on 4H while D is consolidating price has created possible spring and test to continue to upside
possible double bottom formation on 4h possible flag pattern on 15m & 1H for continuation to downside short term sells to fill imbalances to 33917 & 33822 long term buys from those imbalances to 34954 to fill imbalance
W: possible M formation, waiting for price to break and retest neckline to continue to downside
higher time frames suggest currency pair is in uptrend 1H: possible re accumulation, possible spring has occurred; tp at 4h previous high
Higher time frames suggest currency is in downtrend 1H: possible redistribution to previous 4H low (possible pull back to fulfill previous imbalance or to institutional candle on 15M)
Looking for short term sells to 0.75981 Waiting for a pull back on 1h 4h: possible accumulation; price is possibly making spring, tp: 0.7834