.Order block concept. .Price might search the liquidity of the OB to neutralize the liquidity pool. .We are going to wait and see reaction in this areas.
We did break structure on the zone 130.570 that took liquidity ,of the last Higher Low , and now price is looking to tap on my POI . I'm looking for a small accumulation on lower TF inside my POI for a bullish rally to snatch liquidity from the HL's mark with red points.
EURCAD has been in a BULLISH RALL Y as we can see on the WEEKLY time frame, breaking the the previous HH. Price is close to our POI (Point of Interest) where is the bullish institutional candle, to fill the Imbalance and mitigate OB´s. Taking l Lquidity 1.41070 of the last low to our POI. If the bullish rally take place I would look to take Profit on ZONE 2...
-Continuing with the idea of price searching liquidity to make big movements, it might want to break the liquidity pool detected and use it to continue the bull run.
The HTF is very Bearsih while the LTF is Bullish and on its Range is at Discount Level of which the next logical target is above 1840 as they are relative equal highs and an imbalance that was never filled an also posssible mitigation of the OB that sponsored the big move around 1870 zone......
Long Term targets for USDCAD. Perfect Equal highs / Lows for the market to target. Both these highs and lows contain lots of liquidity resting in these specific areas as retailers and hedge funds are buying and selling at these levels. Both levels are expected to be reached. and potentially a huge manipulation to take out all uninformed traders. Look for PD...
possible senario for gold to go Long to grap liqudity then continue Bearish
Renter on EURGBP….. expected the retrace kept sl to reward high…. Let’s see how this one plays out currently +4% for the week..
Earlier today market broke above the previous lower high around 32400 and new higher high created, giving us the signs of strength in the market. We will likely see a pullback on BTC in the following sessions and it is recommended to buy the dips around 31-30K.
Reason: 1. Break of Structure 2. Potential liquidity grab 3. Approaching to 2h bearish OB
EU taking out liquidity to A.) finna a reversal or B.) continue the sell off waiting for reactions to specific areas before I change my bias
Before the big move down I anticipate that the price will aim for previous New York and London Highs as they is a pool of liquidity above them highs
Reason: 1. Potential Liquidity grab 2. Divergence 3. Approaching to 4H bullish OB
NZD/USD gained strong positive traction on Friday in reaction to a stronger NZ CPI report. A subdued USD demand remained supportive of the move up amid a positive risk tone. Rebounding US bond yields, upbeat US Retail Sales data did little to impress the USD bulls. COVID-19 jitters kept a lid on any runaway rally for the major, at least for the time being
The pressure on the pair AUD/USD is increasing amid the rapid spread of the Delta coronavirus strain in Australia and the strengthening of the US dollar after the publication of inflation data in the USA. Investors remain concerned about the epidemiological situation in the country. Victoria state was locked down for five days on Thursday following a spike in...
Since the move 35119 made double tops with the last high of 10 May.... we all know that they is a ton of SL's above the highs I therefore anticipate that Price will go lower to fulfill IMB's at the bottom of the Range before going for Liquidity above the EQH's as the structure is so so so BULLISH.