Hello Traders!
Here we can see a clear Daily Bearish OB.
We take the means threshold and low of the candle. That is our OB.
Anything above the means threshold is too thin of liquidity for the banks to target.
This does not mean there will not be moments where price reaches for the higher range outside of the OB we classified with the two price points. There will be moments where price moves beyond the means threshold and then falls and moments where price breaks the means threshold and keeps on moving beyond the OB itself.
We have classified our OB as 1.1345 and 1.1313.
Now that we got our price points we need to find the institutional level the banks will fill their sell orders by or on.
That level is 1.1320.
We can also move on the LTF to find a more refined entry or LTF OB.
Remember the banks target 00, 20, 50, 80 levels.
Here we can see a clear Daily Bearish OB.
We take the means threshold and low of the candle. That is our OB.
Anything above the means threshold is too thin of liquidity for the banks to target.
This does not mean there will not be moments where price reaches for the higher range outside of the OB we classified with the two price points. There will be moments where price moves beyond the means threshold and then falls and moments where price breaks the means threshold and keeps on moving beyond the OB itself.
We have classified our OB as 1.1345 and 1.1313.
Now that we got our price points we need to find the institutional level the banks will fill their sell orders by or on.
That level is 1.1320.
We can also move on the LTF to find a more refined entry or LTF OB.
Remember the banks target 00, 20, 50, 80 levels.
