1. we have taken out a level of H4 demand, however to confirm our new bearish intent we need to see a H4 level of supply hold this being our first level of respect.
2. at the current moment M15 structures are chained bearish showing us the desire for price to continue lower, we do have further H4 gaps below with H4 demand as our potential targets so we could trade with continuation lower, we just have to be wary that we are within a H4 demand zone if we wish to look for shorts
3. because we havent seen a H4 level of supply hold, i would be interested to see if price comes back to this zone, to confirm or disprove our intention.
As they say, trade what you see not what you anticipate so in this instance I am seeing bearish orderflow on the M15, a level of demand broken on the H4 so I am seeing shorting oppurtunities until proven wrong. In order to consider longs id want to see from the current H4 demand zone were in, a level of M15 supply fail typically with a sweep of a low, then M15 demand hold as the FLOR (first level of respect) followed by a second failure of supply where id then look for a long opportunity from the new demand area!
On another note its friday, its been a long week for me with work and other tasks so I hope you all have a great weekend also, ciao!
2. at the current moment M15 structures are chained bearish showing us the desire for price to continue lower, we do have further H4 gaps below with H4 demand as our potential targets so we could trade with continuation lower, we just have to be wary that we are within a H4 demand zone if we wish to look for shorts
3. because we havent seen a H4 level of supply hold, i would be interested to see if price comes back to this zone, to confirm or disprove our intention.
As they say, trade what you see not what you anticipate so in this instance I am seeing bearish orderflow on the M15, a level of demand broken on the H4 so I am seeing shorting oppurtunities until proven wrong. In order to consider longs id want to see from the current H4 demand zone were in, a level of M15 supply fail typically with a sweep of a low, then M15 demand hold as the FLOR (first level of respect) followed by a second failure of supply where id then look for a long opportunity from the new demand area!
On another note its friday, its been a long week for me with work and other tasks so I hope you all have a great weekend also, ciao!
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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.