Hi all, I predicted that last move literally to the PIP perfectly, you can check out that post on my page.
Im now looking to make my next move.
I will break this down in a fast and simple terms as I have already broken this paid down from Top Down Analysis.
First 4H CHoCH has been showing taking out the previous swing high.
Then then saw a slight pullback with some consolidation before pushing into our TP.
Our next two entry setups are a 4HR Discount zone which is my preferred zone after taking that imbalance on both the 1H and the 4H. That mitigation zone looks very strong.
We have Identified the new swing range from the 4H view. Id like to see this pullback have some slower price action especially around that 1H Mitigation Block before looking to Buy as we are currently respecting a strong Unmitigated Supply zone. I personally believe this Trend Line will break giving us a lot of institutional volume with buyers Demand.
Good luck to the traders that decide to follow and remember to trade with strict risk management.
Im now looking to make my next move.
I will break this down in a fast and simple terms as I have already broken this paid down from Top Down Analysis.
First 4H CHoCH has been showing taking out the previous swing high.
Then then saw a slight pullback with some consolidation before pushing into our TP.
Our next two entry setups are a 4HR Discount zone which is my preferred zone after taking that imbalance on both the 1H and the 4H. That mitigation zone looks very strong.
We have Identified the new swing range from the 4H view. Id like to see this pullback have some slower price action especially around that 1H Mitigation Block before looking to Buy as we are currently respecting a strong Unmitigated Supply zone. I personally believe this Trend Line will break giving us a lot of institutional volume with buyers Demand.
Good luck to the traders that decide to follow and remember to trade with strict risk management.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.