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tokelohomi
Apr 2, 2023 12:37 PM

Characterised by inefficiency 

Euro Fx/U.S. DollarFXCM

Description

EURUSD

The 4h supply mitigation led to a one direction movement decrease, price filled this inefficiency in a corrective manner by a bullish uptrend. Price managed to break the structure and made a young pull back to the breaker block which then increased all the up to create the highest peak. The market aggressively dropped and mitigated the demand zone in a dominant bearish manner that created yet another inefficiency. Price the shot all the up to correct this imbalance, noticed a slight rejection from the fair value gap then price continued to rise. The peak was respected as a supply zone, price did not provide the satisfactory liquidity sweep, formed a minor distribution phase and dropped to imbalanced demand zone. With this hammer candlestick the market is showing a high possibility of driving price all the way up to make the awaited liquidity sweep…
Comments
gavrilandrei296
Very nice specifications
tokelohomi
@gavrilandrei296 I’m glad you find this clear enough…
ssssssssssanderson
You got stopped out.
tokelohomi
@ssssssssssanderson unfortunately, but I managed to rise to the occasion at the order block zone below… However, it was a nice setup…
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