first of we should appreciate the fact that we are at the top of the rend line , which is our daily trendline . in this case that is our dynamic resistance zone , that has been at a pike for the longest time. we see the price fall back to structurer with intensity , breaking through the previous support zone that now is turned into several tests as a resistance zone
secondly we can see a consolidation of price around this area at the current price action. This clearly means that its a zone where lots of traders are willing to sell from. This indicates us that there are presence of STOP LOSSES AND BUY orders .(liquidity)
what we anticipate for the money makers move is to slightly spike it up for the long term sell offs.
now here is the catch. we wait for the spike the later on the break of the lower time frame structure at the current structure . for a possible entry.
secondly we can see a consolidation of price around this area at the current price action. This clearly means that its a zone where lots of traders are willing to sell from. This indicates us that there are presence of STOP LOSSES AND BUY orders .(liquidity)
what we anticipate for the money makers move is to slightly spike it up for the long term sell offs.
now here is the catch. we wait for the spike the later on the break of the lower time frame structure at the current structure . for a possible entry.