06/10/22 - MARKET REVIEW USING TRADINGVIEW REPLAY MODE
We will be doing a top down analysis starting with the Daily chart.
Daily:
-Price will rebalance the price imbalance and then ultimately reach into the lows at 11491.25 level.
-Overall bias will be bearish and now lets go into a lower time frame to see if we can get more clarification and see if we can possible get a sell entry.
1h:
-If we take the swing low to high the midpoint is very close to where that pool of liquidity resides. This is another good confluence and strengthens our bearish bias.
-Also notice the buyside liquidity that resides right under unbalanced price range. Look for that possibly to be traded into and reject off.
15m:
-Detailed here is the London session where the London high is where the buyside liquidity is resting. We also have all the USD news releases and 830am is where we start looking for the setup.
-Lets continue down to a lower time frame to see if we can get an entry.
5m:
- Never seen this much rapid movement in a single 5m candle but this move happened so fast that it probably would have been hard to participate in since it did not offer much of a retracement back into a price imbalance
-At least the buyside raid level was very close. The level that was marked prior to the move happening was 12338.75 and the level price ended up reversing at was the 12329.00 level.
3m
-As you can see price took out the buyside liquidity and then aggressively traded down
KEY TAKE AWAY:
-Sometimes we learn from the missed moves more then actually being a participant.
-Moving forward I now know not to trade in situations like this for I am not prepared enough.
Daily:
-Price will rebalance the price imbalance and then ultimately reach into the lows at 11491.25 level.
-Overall bias will be bearish and now lets go into a lower time frame to see if we can get more clarification and see if we can possible get a sell entry.
1h:
-Also notice the buyside liquidity that resides right under unbalanced price range. Look for that possibly to be traded into and reject off.
15m:
-Lets continue down to a lower time frame to see if we can get an entry.
5m:
-At least the buyside raid level was very close. The level that was marked prior to the move happening was 12338.75 and the level price ended up reversing at was the 12329.00 level.
3m
KEY TAKE AWAY:
-Sometimes we learn from the missed moves more then actually being a participant.
-Moving forward I now know not to trade in situations like this for I am not prepared enough.