Thanks for Reading my Analysis.
I will be using the following technical tools to identify the Potential Setups
1.Trendlines
2.Support and Resistance Zone
3.Multitimeframe TopDown Analysis
4.Harmonic Patterns
5.Price Action
6.Chart Patterns
7.Market Profile
8.Pivots
Having hit the Torqouise Blue Monthly Trendline-(HUGE TECHNICAL LEVEL that I belive plays High Probability Role in my Trade setups),I believe a potential of about 272pips short is around the corner.
My ORDERBLOCK/RESISTANCE LEVEL/SUPPLY ZONE comes in from around 13 Jul 2021 with huge Selloff in a Perpendicular Impulsive manner.And with Price hitting the Psychological level of 1.07000 there couldn't be more better confluences aligning together.
Also we have the 2nd High of the Advancing Channel Touch which I can put into consideration as further challenge for price to rise above. My bias however is to look for short entry which has been triggered partially within the 15mins Timeframe Channel structure breakdown,the complete trigger will be the break of the 15mins chart support which will now make my trigger be fully fulfilled.
Having seen a clear shorts in play My Gartley Pattern Harmonics however is extending beyond this levels @ 1.0753. The way I play such scenario is to monitor for continuation.
1.I will have a short entry at the Market Open because of the 15mins TF potential full trigger(This is important as we have some 4hours,1hour,30min Single Prints below 1.06725)
2.Because of the Single Prints I will look for potential Break of the Monthly Trendline to Hit my Harmonic Pattern entry @ 1.0753 and wait for Price Action to confirm couple of Opportunities:
a.)Just because we break above the Monthly we may see a Huge buying wave coming
b.)We may see a huge rejection of crack and snap back below the Monthly Trendline
I will be using the following technical tools to identify the Potential Setups
1.Trendlines
2.Support and Resistance Zone
3.Multitimeframe TopDown Analysis
4.Harmonic Patterns
5.Price Action
6.Chart Patterns
7.Market Profile
8.Pivots
Having hit the Torqouise Blue Monthly Trendline-(HUGE TECHNICAL LEVEL that I belive plays High Probability Role in my Trade setups),I believe a potential of about 272pips short is around the corner.
My ORDERBLOCK/RESISTANCE LEVEL/SUPPLY ZONE comes in from around 13 Jul 2021 with huge Selloff in a Perpendicular Impulsive manner.And with Price hitting the Psychological level of 1.07000 there couldn't be more better confluences aligning together.
Also we have the 2nd High of the Advancing Channel Touch which I can put into consideration as further challenge for price to rise above. My bias however is to look for short entry which has been triggered partially within the 15mins Timeframe Channel structure breakdown,the complete trigger will be the break of the 15mins chart support which will now make my trigger be fully fulfilled.
Having seen a clear shorts in play My Gartley Pattern Harmonics however is extending beyond this levels @ 1.0753. The way I play such scenario is to monitor for continuation.
1.I will have a short entry at the Market Open because of the 15mins TF potential full trigger(This is important as we have some 4hours,1hour,30min Single Prints below 1.06725)
2.Because of the Single Prints I will look for potential Break of the Monthly Trendline to Hit my Harmonic Pattern entry @ 1.0753 and wait for Price Action to confirm couple of Opportunities:
a.)Just because we break above the Monthly we may see a Huge buying wave coming
b.)We may see a huge rejection of crack and snap back below the Monthly Trendline
We have a positive reaction to AUSIE BUSINESS CONFIDENCE Data and the price has moved impulsively above 1.0698 which is a Key Previous Month of Control. My expected Target will be 1.0720 which will open up the 1.0750 Harmonic Short Target Slightly above the Monthly Trendline.
The BIAS has shifted to the Long Side Now.
Happy Trading