๐๐จ๐๐ ๐ง๐ข๐ฃ-๐๐ข๐ช๐ก ๐๐ก๐๐๐ฌ๐ฆ๐๐ฆ ๐ข๐ก ๐๐จ๐ฅ๐จ๐ฆ๐ (Weekly - M15 Timeframe)
Plus how I arrived at this sell bias for tomorrow ๐
A short thread ๐งต...
Like & RT
Plus how I arrived at this sell bias for tomorrow ๐
A short thread ๐งต...
Like & RT
Before we get into it... Disclaimer:
This is my view based on my approach.
I might be wrong so don't consider it a financial advice. And lastly...
My bias can change at anytime as I observe price action when the market opens.
And with that out of the way... Let's dive ๐
This is my view based on my approach.
I might be wrong so don't consider it a financial advice. And lastly...
My bias can change at anytime as I observe price action when the market opens.
And with that out of the way... Let's dive ๐
WEEKLY TIMEFRAME
Swing is bearish and currently in the pullback phase.
Expectation is that internal will switch back bearish at some point and target weak swing low...
But until then we can keep following the bullish orderflow until otherwise.
Swing is bearish and currently in the pullback phase.
Expectation is that internal will switch back bearish at some point and target weak swing low...
But until then we can keep following the bullish orderflow until otherwise.
DAILY TIMEFRAME
The weekly bullish internal structure is the daily swing structure
Pullback likely over and ready to target weak swing high
Currently reacting to a minor supply and we can see some tradeable pullbacks on the LTF
I'm also aware that price can shoot straight up.
The weekly bullish internal structure is the daily swing structure
Pullback likely over and ready to target weak swing high
Currently reacting to a minor supply and we can see some tradeable pullbacks on the LTF
I'm also aware that price can shoot straight up.
4H TIMEFRAME
We've now seen a fractal break of structure after mitigating daily supply
This is the first sign of potential pullback starting
And we can look to trade it...
But we must manage our expectations that the sells will be short-lived since swing is bullish overall
We've now seen a fractal break of structure after mitigating daily supply
This is the first sign of potential pullback starting
And we can look to trade it...
But we must manage our expectations that the sells will be short-lived since swing is bullish overall
1H TIMEFRAME
I only use this timeframe to clearly see what the 4H is saying... Great timeframe btw
And we can see that the move is likely ready to take off and fill those imbalances...
Now how can we engage in the sells? Let's drop lower...
I only use this timeframe to clearly see what the 4H is saying... Great timeframe btw
And we can see that the move is likely ready to take off and fill those imbalances...
Now how can we engage in the sells? Let's drop lower...
M15 TIMEFRAME
Swing is already bearish to facilitate the 4H pullback
And we can trade the sells PRO M15 and target 4H demand which is nested within the daily demand also.
Old zones are there to cause pullbacks and potentially give re-entry opportunities.
Swing is already bearish to facilitate the 4H pullback
And we can trade the sells PRO M15 and target 4H demand which is nested within the daily demand also.
Old zones are there to cause pullbacks and potentially give re-entry opportunities.
At this point you basically have few options left;
1. Refine the M15 zone a little and set your limits
2. Wait for price to reach the M15 supply and drop down to M5, M3 or M1 timeframes to wait additional confirmation and refinements.
Your choice!
1. Refine the M15 zone a little and set your limits
2. Wait for price to reach the M15 supply and drop down to M5, M3 or M1 timeframes to wait additional confirmation and refinements.
Your choice!
And that, my good friend.... Is my outlook on EU.
Do you have same view? Or maybe slightly different bias?
Then let me know in the comments... I'm checking it
And don't forget to retweet the first tweet for others to see.
Let's sit back and watch how it plays out ๐
Do you have same view? Or maybe slightly different bias?
Then let me know in the comments... I'm checking it
And don't forget to retweet the first tweet for others to see.
Let's sit back and watch how it plays out ๐
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