meister_keith

meister_keith Updated 

Price broke 146.340 and pushed down to 146.000, based on market structure i'm anticipating that this pull up is more of a liquidity grab ( retest ) from the broken zone for price to push down to the next demand zone 145.700. My goal will be: 1) Look for signs of weakness/consolidation or rejection around the current supply zone. 2) Get a 5-15 minute confirmation...

meister_keith Updated 

Price has been pushing down for a couple of hours now, i saw price consolidate around 146.500 so i waited for a breakout of this level. Price broke on the 1 hour pushed to the 4 hour demand zone and now it's pushing back into the retest region. My goal is to catch a 1:3 retest sell and ride it down to 146.000 where i will start looking for buys back up.

meister_keith Updated 

To answer my question, i don't know. What i do know is; 1) I see no signs that says the price will break. All i see is that the price is trapped between a major demand level 1280.70 and a falling trend line which has been respected thrice. Meaning if this pattern holds, we should see another bounce from this level to push back up into the trend line. 2) The...

meister_keith Updated 

Now that i have a lower entry price plus a confirmation that the daily might not break, i have taken my buys on the retest of the 15 minute mini support now resistance. I'll be looking to swing this to the first major zone around 1294.00 and if it breaks i'll hold this trade to the next zone around 1300.00-1302.00.

meister_keith

Now that H4 has confirmed my analysis, i'll be looking to take my entry when price snaps back to the mini supply zone ( 146.200 ) for a sell back down to 145.700. I'll be looking for a 1:3 setup.

meister_keith

Price has pushed down as anticipated and took profit on the sells ( exit @146.020 ), i had originally said that i'll be looking for buys around 146.000 but on further evaluation of the previously broken zones 145.500-700 was never retested. I'm anticipating that this move might develop either during the Asian session or London session so i'll be eyeing this pair...

meister_keith

Price has been trapped in a range, within this range momentum is moving in between 4 major supply and demand zones on the daily. On the weekly, it's clear that price wants to push back up to the supply zone . The daily range broke past 146.000 of which there was no retest of this broken level. My goal is to wait for price to push back down into this level and a...