1) Top-down analysis
Monthly - Previous monthly closure, closed with shooting star
Weekly - Closed with three pins or three wick which actually made a momentum
Daily - Made a higher high
4H - Break of correction and waiting for pullback to get liquidity
Still bullish bias but made a bearish momentum
2) Confluences for downside (If made a pullback)
a. FIB Golden zone
b. Lower timeframe structural level
c. Major psychological level (1.39000)
d. Break and retest (In liquidity)
e. Correction
Monthly - Previous monthly closure, closed with shooting star
Weekly - Closed with three pins or three wick which actually made a momentum
Daily - Made a higher high
4H - Break of correction and waiting for pullback to get liquidity
Still bullish bias but made a bearish momentum
2) Confluences for downside (If made a pullback)
a. FIB Golden zone
b. Lower timeframe structural level
c. Major psychological level (1.39000)
d. Break and retest (In liquidity)
e. Correction
Kommentera:
I'm going long now, as the 1H Candlestick highly respected the 1.38000