Yesterday, for the London session we were creating levels before the NY Session. Once NY session came… price created liquidity by going to grab buy stops and hitting stoploss orders to continue down. Afternoon session, we continued down to the daily level and massively rejected after taking liquidity from sell side.
Today i believe we will do much of the same. London session will create the levels and New York session will act on that liquidity being taken and fly to fill the imbalance on the 15m TF. Once this imbalance is filled.. i believe we will continue higher… last part of the session.. we could see a sell off..
Or either way.. we fill the imbalances on the sell side first then make a run to buy side or vice versa. I believe since we are bearish on the LTF.. we could go buyside then sell side.
Today i believe we will do much of the same. London session will create the levels and New York session will act on that liquidity being taken and fly to fill the imbalance on the 15m TF. Once this imbalance is filled.. i believe we will continue higher… last part of the session.. we could see a sell off..
Or either way.. we fill the imbalances on the sell side first then make a run to buy side or vice versa. I believe since we are bearish on the LTF.. we could go buyside then sell side.