Current Market Condition:
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, descending nature found at the end of the bearish leg but haven't get a decent pullback yet, the 4H BOS back into bullish OF can be seen as a daily CHoCH too but LH is not confirmed yet.
4H: Bullish OF, price give a nice 4H BOS to the upside but LH is not confirmed yet, price is now in the pullback of 4H bullish leg, hasn't pullback to any major demand or discount yet.
15m: Bearish OF, price just complete a major 15m swing BOS, supply still having the control but we might see price give a 15m pullback since there are multiple demand sitting below.
Momentum:
4H: Bullish momentum is stronger, impulsive move up and corrective move down.
1H/15m: Bearish momentum, supply is currently having the control.
Liquidity Condition:
Price is now moving from mitigation to mitigation, creating a supply chain that could be use as future LQ. In terms of 4H, upside LQ > downside LQ, the downside LQ is refer to 4H structural low.
Trade Idea: Long
Price could react to any of the demand and start the pullback or continue bearish it reach the true major demand, play the Long when bullish intention shown, at least seeing demand take back the control.
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, descending nature found at the end of the bearish leg but haven't get a decent pullback yet, the 4H BOS back into bullish OF can be seen as a daily CHoCH too but LH is not confirmed yet.
4H: Bullish OF, price give a nice 4H BOS to the upside but LH is not confirmed yet, price is now in the pullback of 4H bullish leg, hasn't pullback to any major demand or discount yet.
15m: Bearish OF, price just complete a major 15m swing BOS, supply still having the control but we might see price give a 15m pullback since there are multiple demand sitting below.
Momentum:
4H: Bullish momentum is stronger, impulsive move up and corrective move down.
1H/15m: Bearish momentum, supply is currently having the control.
Liquidity Condition:
Price is now moving from mitigation to mitigation, creating a supply chain that could be use as future LQ. In terms of 4H, upside LQ > downside LQ, the downside LQ is refer to 4H structural low.
Trade Idea: Long
Price could react to any of the demand and start the pullback or continue bearish it reach the true major demand, play the Long when bullish intention shown, at least seeing demand take back the control.