Current Market Condition:
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, price broke the major daily swing structure and now in the pullback of most recent bearish leg.
4H: Bearish OF, we can see there is a minor 4H structure within the large bearish leg, we consider that as minor structure so 4H is still consider in the pullback of the 4H bearish leg.
1H: Bullish OF, using 1H as main structure instead of 15m because 1H PA cleaner. Price is now in the pullback of most recent 1H bullish leg. Price hasn't pullback to area before BOS and haven't reach to the major supply yet. Therefore, we may expect price to continue 1H bullish OF until it reach the major supply.
15m: Bearish OF + Supply Chain
Momentum:
1H: Bullish momentum > Bearish momentum, although price ended with large wick at the most recent PA but the way price moving back down is relatively corrective compare to the recent 1H bullish leg.
15m: Price is now showing bearish momentum at this moment, we can see price is respecting supply now which can be consider as a supply chain. Price may intend to continue bearish until price pullback to any area before 1H BOS.
Liquidity Condition:
15m: Price is stacking upside LQ which will be use as a cause for future price to continue higher.
Trade Idea: Short to Long
In 15mTF, we can clearly see supply is now having the control although we are in bullish OF. We may follow the supply chain until price pullback to the demand before 1H BOS then start to look for Long from there.
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, price broke the major daily swing structure and now in the pullback of most recent bearish leg.
4H: Bearish OF, we can see there is a minor 4H structure within the large bearish leg, we consider that as minor structure so 4H is still consider in the pullback of the 4H bearish leg.
1H: Bullish OF, using 1H as main structure instead of 15m because 1H PA cleaner. Price is now in the pullback of most recent 1H bullish leg. Price hasn't pullback to area before BOS and haven't reach to the major supply yet. Therefore, we may expect price to continue 1H bullish OF until it reach the major supply.
15m: Bearish OF + Supply Chain
Momentum:
1H: Bullish momentum > Bearish momentum, although price ended with large wick at the most recent PA but the way price moving back down is relatively corrective compare to the recent 1H bullish leg.
15m: Price is now showing bearish momentum at this moment, we can see price is respecting supply now which can be consider as a supply chain. Price may intend to continue bearish until price pullback to any area before 1H BOS.
Liquidity Condition:
15m: Price is stacking upside LQ which will be use as a cause for future price to continue higher.
Trade Idea: Short to Long
In 15mTF, we can clearly see supply is now having the control although we are in bullish OF. We may follow the supply chain until price pullback to the demand before 1H BOS then start to look for Long from there.