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bl4ckoffee
Feb 20, 2023 2:50 PM

Short Scalp After Daily Bias Order Flow Shift Bearish Short

Ethereum / TetherUS PERPETUAL CONTRACTBinance

Description

Bias: Bearish Daily

Plot:

Price weakens and shown signs of reversal to seek sell-side liquidity after hitting an old Order Block as Resistance.
Price Daily TF forms lower high.
Price has never confirmed with Asia's 50% if may continue bullish.
Price strongly seeks sell-side liquidity until Daily TF Shifts Bullish again, but not likely as price had been going high for over a week without any good retracement.
Entry was an ICT Mitigation Block. Confirmation once price hits the Propulsion block and confirms moving downside.

Comment

Target: Internal Range Liquidity until next day proves run on Daily Lows has begun.

Trade closed: target reached

Trade closed at trail stop loss $1699.94 in good profit.
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