i analyzed this a while back and completely forgot about.
but
when i opened the price chart i noticed that price is reacting off significant market price structures.
basically,
on the Monthly price chart...
price is reacting to liquidity pool covering price areas from 0.91000 to 0.90600 which is based off monthly supply of proximal price 0.91000 and prev. demand Continuous Proximal PRICE of 0.90600.
and price on smaller timeframes is trading below parallel bullish price channel but i am waiting specifically for the 4HR candlestick to form a full OCHL below the channel to indicate changing market momentum to bearish.
with targets
@ previous swing valley around price areas of 0.89400 and 0.89000!
always remember, the market never forgets significant price areas.. used up/not.
put together by : Pako Phutietsile as @currencynerd
but
when i opened the price chart i noticed that price is reacting off significant market price structures.
basically,
on the Monthly price chart...
price is reacting to liquidity pool covering price areas from 0.91000 to 0.90600 which is based off monthly supply of proximal price 0.91000 and prev. demand Continuous Proximal PRICE of 0.90600.
and price on smaller timeframes is trading below parallel bullish price channel but i am waiting specifically for the 4HR candlestick to form a full OCHL below the channel to indicate changing market momentum to bearish.
with targets
@ previous swing valley around price areas of 0.89400 and 0.89000!
always remember, the market never forgets significant price areas.. used up/not.
put together by : Pako Phutietsile as @currencynerd
