- Overall, M.A's crossed bullish. Still a bullish pair, keeping in mind we're on a pullback based off the Daily timeframe. Currently being met with daily support and the 38.2% retracement off the Daily.
- Down to H4. M.A's crossed bearish, structure broken, along with break of H4 ascending trendline.
- Next, H1. The timeframe I'm currently basing my structure off. M.A's crossed bearish. Clearly spotting the Lower Highs & Lower Lows being formed, supporting the bearish trend. Dragging Fibs. from the last PRZ retracement we get a 23.6% retrace, explaining the consolidation & eventual continuation, completing the ABCD pattern at -27% for about 30 pips. Keep in mind the 23.6% is not a valid PRZ so H1 structure formed on there can be broken on H1 but still maintain the bearish trend & direction based off H4 structure.
- Basically, until structure is broken I'm only looking for sells.
- Down to H4. M.A's crossed bearish, structure broken, along with break of H4 ascending trendline.
- Next, H1. The timeframe I'm currently basing my structure off. M.A's crossed bearish. Clearly spotting the Lower Highs & Lower Lows being formed, supporting the bearish trend. Dragging Fibs. from the last PRZ retracement we get a 23.6% retrace, explaining the consolidation & eventual continuation, completing the ABCD pattern at -27% for about 30 pips. Keep in mind the 23.6% is not a valid PRZ so H1 structure formed on there can be broken on H1 but still maintain the bearish trend & direction based off H4 structure.
- Basically, until structure is broken I'm only looking for sells.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.