ZCASH/DOLLAR POST ANALYSIS
1D Chart:
*The daily timeframe chart is in a downtrend on this pair, giving us a higher probability for a short success trade
*This pair had a weak re-test into recent significant daily structure
4H Chart:
*This chart had displayed price actions weak pullback into the structure point around 153.00 price
*The 4H chart had been in a downtrend as well, allowing multiple timeframes to be on the same page (short)
1H Chart:
*On the pullback by the buyers the seller had came in very strong when price hit the 153.00 recent significant level,
this had displayed that the seller is still interested in continuing this trend
*The 1H chart had given an aggressive bearish engulfing candle giving a good entry and risk/reward ratio. This also showed us there is a good probability shorting due to the fact that the seller (big boy) is still interested.
Cheers!
1D Chart:
*The daily timeframe chart is in a downtrend on this pair, giving us a higher probability for a short success trade
*This pair had a weak re-test into recent significant daily structure
4H Chart:
*This chart had displayed price actions weak pullback into the structure point around 153.00 price
*The 4H chart had been in a downtrend as well, allowing multiple timeframes to be on the same page (short)
1H Chart:
*On the pullback by the buyers the seller had came in very strong when price hit the 153.00 recent significant level,
this had displayed that the seller is still interested in continuing this trend
*The 1H chart had given an aggressive bearish engulfing candle giving a good entry and risk/reward ratio. This also showed us there is a good probability shorting due to the fact that the seller (big boy) is still interested.
Cheers!