Respected Structure and Possible Retracement
📈 CHART ANALYSIS 📉
Yeehaw! What a beautiful 100 pips drop yesterday! 😍
We're expecting price to shoot up to our previous long term swing analysis on Daily,
but price decided to respect lower timeframe (4H here) flipped Support to Resistance structure
also at the same time it confluence with Fakeout setup. Absolute magnificent structure isn't it? 😘
Anyway, we got a distribution zone (Wyckoff) that also contained QM sell pattern (H, L, HH & LL) here,
meanwhile the MACD shows a divergence signal. Price may retrace up to respect QM ya know right. 🐱💻
Trade wisely and much loves! ❤️
Yeehaw! What a beautiful 100 pips drop yesterday! 😍
We're expecting price to shoot up to our previous long term swing analysis on Daily,
but price decided to respect lower timeframe (4H here) flipped Support to Resistance structure
also at the same time it confluence with Fakeout setup. Absolute magnificent structure isn't it? 😘
Anyway, we got a distribution zone (Wyckoff) that also contained QM sell pattern (H, L, HH & LL) here,
meanwhile the MACD shows a divergence signal. Price may retrace up to respect QM ya know right. 🐱💻
Trade wisely and much loves! ❤️
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