I am waiting for the price to break out of the tight compression pattern, then I will look for a sell opportunity. It could be a fakeout to the upside before the price rapidly drops.
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Disliked{quote} catalyst came and bull flag target will be potentially metIgnored
Dislikedspot on. this flatline rubbish is just the big boys grinding down retail patience, waiting to sweep that liq up in the 1.149-1.151 zone. until a proper stop hunt actually prints, getting itchy fingers just makes u free fuel for their algos. smartest play rn is keeping ur hands off the keys and just watching the circus from the sidelines.Ignored
Disliked{quote} No disrespect to the poster but I don't see the price action the same way, I saw a good short opportunity.Ignored
DislikedFriday Plan via D1 To keep it simple: As you will notice from my chart below, we have a horizontal breakout inside a bearish environment! Sort of a wedge like structure is slowly forming and becoming visible. Remember: environment is still bearish! BUT.... bulls are currently trying to reach the orange triangle. Therefore the horizontal breakout is meaningful regarding to bulls. The problem is that the more time passes, bulls will have it harder to pass through the orange field, because that orange area is expanding every new day, making it harder...Ignored
Disliked{quote} Thanks for sharing your thoughts and part of your trading model. yes we all have our own ways and interpretation of price. For me I've always been taught macro to micro for my main bias and then lower TF for a more precision entry/exit or just to see how the micro structure is printing. It also depends on if I'm just doing a quick scalp or a swing. The biggest thing is risk mgmt/analysis and properly managing a winning or losing trade. I try not to be too predictive and trade more based on price reaction.Ignored
Disliked{quote} Another version setup on my D1 chart but similar view: I am currently watching how strong bulls will ram the doors of 1.1459... If they fail, bears will try to reach and retest 1.14065 area.. Since environment is bearish, sellers can profit too... In a nutshell: For me, it can become a mixed day! {image}Ignored