On 1hour chart, price is pretty rangebound but since monthly, weekly and daily bias is bullish it could still continue moving up. It is possible that it will take 1hour bullish order block (BullOB 1H line), and 70.5% Fib level, or even the sell side liquidity (SSL 1H line) before continuing moving up. And it could target previous day high or even the buy side...
Price continues to show higher highs and could continue moving higher. Yesterday price broke the buy side liquidity (BSL 1H line) then pulled back down. It could continue moving down to take the sell side liquidity (SSL 1H line) and even the 79% Fib level (OTE level). Waiting for these levels to be broken and see if it will provide setup to get long. But since...
After making a double bottom (yellow circle) price moved up and continued to make higher highs. It could continue to move high to take the 1H buy side liquidity (BSL 1H) or even the 4H buy side liquidity (BLS 4H). On the 15m time frame, it is currently forming a double bottom (yellow line), which is also around 70.5% Fib level (an OTE level). Waiting for price to...
Yesterday price moved down to take sell side liquidity (SSL 1H TAKEN line) then moved back up. It is possible for price to continue moving up to take buy side liquidity (BSL 1H line) which is also the area of hourly 79% Fib level, the deepest OTE level and the previuos day high. A lot of reasons for that area to be taken before moving down to take the 1.26000 level
GU has been ranging this week, breaking highs and lows. It could continue to range until it gives us a sign that it wants to break out of the range. Yesterday it moved aggressively to the upside taking multiple upper side levels then followed by an aggressive move to the downside, taking some bullish order blocks and sell side liquidity. It also left fair value...
GU has been ranging this week. Ranging between the 1.27900 & 1.26800 areas. Currently it is at the lower part of the range and it is likely to continue down to take the 1H bullish order block or even the 1H sell side liquidity area. Order blocks and liquidity levels acts as magnets, so it is likely for price to move towards these levels I am looking for possible...
My bias on DXY is neutral and this is the same with my bias on GBPUSD on higher time frames. But looking on the 1H time frame it is more likely for it to move up because there are a lot of order blocks, buy side liquidity sitting above waiting to be taken (green lines above). There is also an equal high (yellow box). Prior price shows that it took multiple bullish...
Since HTF bias of GU is neutral, I will take a LONG or SHORT position depending on how price reacts at the 1.28000 area. If it touches that area and shows that it wants to reject that area by showing a displacement to the downside with fair value gaps, it is likely that it will continue down to take below sell side liquidity or bullish order block levels. Or, if...
At the moment, GU could go either way at the moment. LONG bias: Since it already took the daily bullish order block (BullOB D TAKEN line) and the 61.8% Fib (BullFib 61.8% D), it is possible that it will continue moving up to take the upper liquidity and order block level. SHORT bias: Or, since there is still a daily liquidity level (SSL D) below and whole...
I was seeing the daily bullish order block (BullOB D TAKEN) as the final target for the move down, and since that was already taken, I think price could start reversing back up especially that it already shown a market structure shift (MSS). The bearish order blocks above could act as magnet to pull price up.
This week price continued to move down as expected, taking some sell side liquidities (SSLs) and bullish order blocks (Bullish OBs) which acts as magnet of price. The Daily bullish order block was already taken so price could reverse back up to the Monthly bearish order block. But since there is still a Daily sell side liquidity and the whole number 1.26000...
Price moved down and took SSL4H and bullish OB 4H then move up. It could continue to move up to take Bearish OB 1H or BSL 1H before moving down to take Bullish OB D. Or it could continue moving up to take Bearish OB 1H, pullback and continue to move up to take both Bearish OB 4H and Bearish OB D before moving down to take Bullish OB D
📌 Though, internal structure is still bullish, possible pullback can be expected at the marked Bearish levels if a setup and or confirmation occurs. I see no valid bullish arrays to buy from on LTF. Everything still looks pretty choppy in the bullish arrays.
📌Structure: External Structure is still bullish but price is currently retracing towards the Imbalances and the OB below (DOL) 📌 LIQ: There are FVGs/imbalances below that price is drawn towards 📌 POI: 1hr ob should cause the continuation of HTF bullish trend if mitigated
Here's not my favorite kind of continuation entry. What to do in scenarios such as this one? Options 👇🏼 a. Divide your risk b. Use confirmatory entry c. Don't participate (sit it out and be patient for the next high probability setup) d. Moving to another pair (instruments) you trade with a better setup offering higher probability.
As per my analysis with SMC price gonna swipe the liquidy in inducement zone and will go bullish previous made unmitigated order block.
If the price goes lower i will wait for the price to trade back to the FVG and then look for shorts. If the price forms the Breaker block i will antisipate lows on the equilibrium of the the breaker block and look for rejection to the sell side and then look for sells. GLGT
Lesson learned from last year. Market is (more) bearish in December (holiday session). Price will be funky next month. Market Maker Sell Model by ICT is already formed and moved to Sell Side. I'm expecting a retracement to top of orderblock and previous level. Aiming to previous low.