GregorThe4th

EURAUD Potential Downward movement

Short
OANDA:EURAUD   Euro / Australian Dollar
After determining that almost every Timeframe is Bullish.
I see we're retracing towards a Liquidity Imbalance on the higher timeframe.

So I want to anticipate on that.
We have an Order Block in an Order Block.
this is where we're entering onto this.


More confluence :

15Minute timeframe shows us that we've broken structure to the downside and we see a retracement now.

On the Lower timeframe (1Min) I've seen the retracement and now want to see price mitigating the 15Mtf Supply that has been formed when we broke structure to the downside.

Now on the 1Mtf I also want to see a change of character to the downside. before placing the limit order on the 1Minute Supply that has been formed.

Same price action is forming on EURGBP → Should be creating the CHOCH to the downside soon

This is not a signal. educational purposes only :))
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