If you wanted to trade imbalance and OB then this is one of the set ups i have marked up and am keeping an eye on. this idea is more educational that it would be tradable as this is mainly relying on the imbalance of price that has recently been created. Trading this you would just trade it until price has filled in the imbalance area and then wait and see what happens once price has filled that area. It may want to continue higher as there is another area of imbalance above that. Just something to keep in mind when looking at the market using smart money concepts/.
I agree for a short term bullish then long term bearish. How are you planning to trade it?
StaffordTrades
⋅
@TheSignalyst, there looks to definitely be a longer term move down later on for sure. But trading it now i'd possibly look for buys around the 103.625 area if price was to push down there potentially grab some liquidity from below that area and then make a larger move to the upside from there. But that is just a patience game :) I'm personally not looking for entries at the current price.
StaffordTrades
⋅
@TheSignalyst, as we can see now, price did exactly that. Now its on the rise