Price has broken the Descending Channel, and the OB it had entered. Now, price is deep in the D1 Supply Zone, which also has a 4H Bearish OB embedded. This OB is untested. I expect price to fall from this supply.
Hello everyone 😃
ETH is showing weakness on daily TF and the repetition can be happen again !
So there we have a 3D order block which is stands at ( $2585 - $2360 ).
And the repetition would be a engulf as a false break on an important level..
For now bulls have this chance to push back above $2278 cause they captured the resistance Earlier....
clear bearish market structure on the higher TF's
price looking to come back and sell off my 4H POI
valid OrderBlock that broke structure and increased in price rapidly on higher TF's
other indications that price could potentially sell from my 4H (POI)
is sell side liquidity resting below
price also looks to be triggered by 4H inverted H&S that triggered the...
Sorry for messy chart. Horizontal lines are related to 4H bearish and bullish order blocks.
Daily Supply Zone and 4H Bearish OB give chance for short setup.
If position closes successfully, i am going to explain clearly why i entered this setup at comments section.
I hope it goes well :)
Prices are in our H1 supply zone, made a secondary push phase creating a new high within our supply, liquidating previous swing high. With this, we are looking for a clean breakdown of structure for potential sells onto unmitigated areas.
Say "HI" if you see the Head & Shoulders pattern !.
This pattern correlates my previous sell idea for this pair which is a pretty strong reason to hop on the sell if my block oreder and Elliott's wave didn't quite convince you (lol) !.
Prices tapped onto a H4 supply zone, but didn't show us the intention of moving lower just yet. Maybe you could've place a SELL entry after the pin bar rejection. However, our execution technique over here will be to wait for a clean breakdown, shifting structure before taking SELLS.
Waiting for prices to break trendline liquidity once again, tapping into our demand zone. Once it shows us the shift in structure and the transfer of Weak Hands (WH) into Strong Hands (SH), then we will be looking for BUYS towards liquidity highs.
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Looking at EU there are 3 potential selling opportunities with a great R:R. Will be keeping a close eye on this pair next week and potentially the week after to see how price develops.
On the weekly - broke a major high, and now broke back below (run on massive liquidity)
- Also created lot of imbalance (yellow area) with a tiny Orderblock inside which also could be respected IF the market were to come all the way down here.
- Testing an Orderblock
On the Daily - Created an M pattern with a higher...
With my order block in place in combination with price action and confluences with Elliots wave, i will be risking 10% of my account on this gorgeous analysis (Fundamentals made this analysis possible...if you was wondering !.)
If you like this idea, leave a like, share your thoughts in the comment section below and remember, different traders have different risk...
GBPJPY trade idea... How to Get a Sniper Entry
I missed my entry! Danggit! But I believe there is a teaching moment here. In this video, I would like to share with you how to get
a sniper entry and maximize your risk to reward for bigger profits!
Macro analysis to micro executions.