Higher timeframes show that we are in a bullish trend. We have retested and held the previous major zone - the last high. Price should not continue to make a new higher high.
Continued up tred Pull back to key area Rejections on HTF Bull Power on LTF
Price hit huge resistance Multiple rejections of this zone Failure to breach resistance
Price in downtrend Liquidity Grab Bearish engulfing Break of structure
Price is in a clear downtrend. Returned to area of clear S/R Numerous rejections of this area Double top formed on LTF
Price is in a clear downtrend, therefore we want to look for sell positions. Price was previously is a pull phase where the bulls were trying to bring price up. However, we are starting to see bullish depletion which gives scope for the bears to take back control.
Price has broken our bearish trend (down trend) which is evident by the change in market direction with our lower highs and lower lows being violated. We can now see price coming back to this area to retest it. This should provide us with a nice entry to the BUY.
After a large bullish run we have a trendline break and retest. On the LTFs we can see clear rejections of the horizonal resistance
Price has been in a clear bullish run for some time. On the HTF we can see price reach an area of large resistance - therefore we have been watching for a shift of momentum and the bears to try and take control since we know that they have been historically active in this area. On the 15 Min chart, we can see numerous rejections of the area and a double top formed...
Price has clearly broken below our area of support with great bearish momentum. We are aiming to ride this momentum with a short position.
Price made a bullish double top before making a move to the upside and breaking bearish structure. Therefore, I will be looking for Sell positions. On the 15 min we have found an intermediate area of support and entered into a long position.
Price has once again came to a proven area of support. From this point we can look to enter into a long position to buy this back to the next respected zone.
Price has broken the bearish trendline and retested it to indicate a possible change of momentum. AAs such this could be a good opportunity to get into a long position.
Price is bearish on the 4H. We have witnessed price come up to test a historically strong support. This can provide us with an early entry to the trade before price begins to reverse again.
Looking to get into a short position here. Price is struggling to break the resistance.
Price has been in a clear downtrend. Therefore, we have waited for a slight retracement before entering a short position.
After the bulls took control during the New York trading session, we are witnessing price coming back to test an area of support. If we are indeed in a new uptrend then price should hold at this level before continuing on its bullish journey.