As price was trading down a pullback was experienced after a strong BOS at price level 138.400 and 139.100,the initial pullback leg created sell-side liquidity(THE X LINE) when it failed to continue with a rally to the upside and then went on to fail to break it with two successive legs after liquidity was created .A trend line was drawn under the third leg that went on to try to break the sell-side liquidity which failed to break it and created a wick-based bearish order block on top of the sell-side liquidity spot signaling a continuation to the downside.
1.PRICE BROKE THE TRENDLINE AFTER THE BEARISH ORDER BLOCK AND WENT ON TO MITIGATE IT(MY ENTRY POINT FOR LAST WEEK)
2.As shown on the chart a few levels of support/resistance were outlined to predict future movement for entry point 2
AWAIT ENTRY SETUPS FOR BEARS ON LOWER TIMEFRAMES.
1.PRICE BROKE THE TRENDLINE AFTER THE BEARISH ORDER BLOCK AND WENT ON TO MITIGATE IT(MY ENTRY POINT FOR LAST WEEK)
2.As shown on the chart a few levels of support/resistance were outlined to predict future movement for entry point 2
AWAIT ENTRY SETUPS FOR BEARS ON LOWER TIMEFRAMES.