Possible entry. Look breakeven after filling order.
Pending orders filled. Manage your position: look the breakeven level
Possible short (look for price action signal before entry)
Sentimentally it's a bearish dominated market at this point as big fish are offloading their some long position which can prolly lead price around 38.20% - 50% retracement level.
Overall Trend: Bearish Current Market Flow: Bullish - consolidation at the bottom of the trend with with price rapidly breaking back to the upside Bullish Order Block: @1.1600 --> Price has been mitigated from this price area Targets: 1) 1.1900 / 2) 1.2000 / 3) 1.2250
Retest on institutional candle that I mark up and bounce up to 200pips
New entry on 1day time frame waiting to bounce off of institutional candle If price takes out double top im canceling order xD
I will speak more on this on a later video
This is where i am looking for price to move based on the DXY movements. On BTCUSD I am looking for price to continue moving down, but I would like to see price move into a certain candle before even looking to consider price for a buy to sell.
- Confluences for this trade are the following: we had price creating EQH's and then return sharply to the downside meaning those who sold the double top formation were in profit and upon retracement, retail traders probably sought sell opportunity. - Now price has returned to the same level of the EQH's to create a triple top essentially and is just sitting there...
Looking for NZD to slide to 0.63790. (I am bullish for right now) Once that target is achieved, we will be looking to initiate shorts to the downside looking for targets below 0.62800 although that is OUR Intraday target. Goodluck and Good trading.
Update from previous post. I annotated the previous chart with the possibility of the upside move to the mean of the bearish OB. Entry after evening star for additional confirmation. Open TP
Daily Area of premium with Daily OB currently being mitigated. Annotations on chart. Entry short at position shown.