Current Market Condition:
Market Structure (MS) & Order Flow (OF):
4H: Bearish OF, price didn't put in a new 4H HH and now coming towards the 4H weak low. also the extreme demand.
15m: Bearish OF, supply chain found in the 15m inner structure, price swept upside LQ during NFP and now pushing back to downside. Price seems like having a pullback to the most recent 15m inner bearish leg. Be aware, we are still within the 15m larger range, everything inside are just substructure.
Momentum:
15m: Bearish momentum is strong as the way price push down is impulsive and the way it moved up is relatively corrective.
Liquidity Condition:
Price swept tons of upside LQ recently, trade away from it.
Trade Idea: Short
Price might not be able to pullback to the 15m LQ POI if price wants to continue the HTF bearish OF. I will be favoring short until a 15m CHoCH happen.
Market Structure (MS) & Order Flow (OF):
4H: Bearish OF, price didn't put in a new 4H HH and now coming towards the 4H weak low. also the extreme demand.
15m: Bearish OF, supply chain found in the 15m inner structure, price swept upside LQ during NFP and now pushing back to downside. Price seems like having a pullback to the most recent 15m inner bearish leg. Be aware, we are still within the 15m larger range, everything inside are just substructure.
Momentum:
15m: Bearish momentum is strong as the way price push down is impulsive and the way it moved up is relatively corrective.
Liquidity Condition:
Price swept tons of upside LQ recently, trade away from it.
Trade Idea: Short
Price might not be able to pullback to the 15m LQ POI if price wants to continue the HTF bearish OF. I will be favoring short until a 15m CHoCH happen.