1) H4 shows an a new HH formed breaking previous LH 2) Price make sudden bearish move to downside after hitting a significant resistance (4th touch) 3) Lead to retracement move to in new bullish trend
LOW TIME FRAME STRUCTURE 1) on 8/6/2023 price make surge to upside move and respect 2nd touch resistance 2) inducement structure has been made up and down on current price (1962 level)inducement support / 1970 level inducement resistance 3) price may retest and respect swap zone area 1959 4) plan to sell on supply zone and waiting a rejection candle as conformation entry for more upside move
Ordem cancelada
- price already getting liquidity sweep on resistance - expecting price to continue sell untill 1939 level
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