Price can reject the supply before the key level all it wants but ultimately price is likely to gravitate towards 1.1
What we are seeing right now is potentially just a sell lure to create more liquidity when the sweep comes.
I will be looking for buys into my sells.
With the majority now in favor of possible buys after breaking out of the declining trendline.
I have gone for a contrarian approach and will be looking for sells in this area.
I have not yet sold but will be looking for something In this area to take price down to 127.
The risk to reward is just an example.
Break and re-test sellers ruined.
Breakout buyers ruined.
That is enough liquidity to now create the next leg to either the upside or the downside.
I believe the next leg will be to the upside as projected.
The double bottom reaction at the major order block is nothing but a buy lure to create liquidity to sweep in the near future.
I will be looking to tackle this liquidity with sells in and around the 0.60 region as illustrated.
Price is compressing here prior to a significant supply zone.
On the lower timeframes, we got a sell lure, meaning sellers are most likely trapped.
we may get another sell lure but I think price is ready to go up from here.
After price pierced the demand and liquidated buyers, the only liquidate that remains is from the sellers.
I believe that liquidity is near the equal highs marked.
We will either flow to those highs from here or we will get one last sell lure before traveling to the upside.
Price has swept the key weekly supply zone and has tapped into the key psychological level of $2k
I expect price to play around at this level and manipulate before it reverses slightly to take out some buyers.
I have marked out my expected sell zone and target level.
Price lured buyers in after breaking out of the trend line.
Once it has trapped retail as well as SMC buyers.
Price liquidated them both to fuel the aggressive move to the upside.
Now that buyers are out of the market the focus is to liquidate sellers.
I predict that this liquidity lies around $32k
Price should continue to flow to this area before any signs...
This range has been a cycle of buyer and seller liquidity sweeps.
More sweeps equal more fuel for the next leg out.
I can't be sure the leg will be to the downside but my intuition tells me it will be.
After the final liquidity sweep, I will be looking for sells in my sell zone.
I expect price to pierce the remaining liquidity with the news today.
Understanding where price may flow is easy, finding a sell entry is the difficult part.
I have marked an 'expected sell' zone but the reality is it could sell anywhere between now and the previous high.
So for now I will just be observing and if intuition tells me to sell, I will.
Price tapped the lowest point in history and started to push away from the zone creating a double-bottom formation.
Double bottoms mean one thing, retail stops ESPECIALLY in an area of such high importance.
I would like to see a sweep of seller liquidity around the order block before we return to sweep the herd of buyers.
Again, no entries until I am...
After an aggressive sell-off, price has started to lure in buyers.
This can be seen on the daily time frame with the recent buy inducement candles.
Buyers being lured in means liquidity below the established low.
I believe will price will flow to this low with the help of the news today.
I am really not sure where the sell with take place so for now it's...
More than anything, this bias comes from intuition.
Technicals alone do not support it.
I would like to see price flow back into 101 not that it has aggressively sold off lured sellers and swept a good portion of buyers.
We can watch it play out but I don't think it is the strongest setup.
After a huge bull run, we expect the price to mitigate both buyers and sellers to generate liquidity for the next move.
I personally believe we will see a final sweep of sellers around my sell zone of interest before selling off aggressively to the downside to take out the remaining buyers.
Once this move is complete, or something similar has occurred.
For full transparency, I have no interest in touching this pair right now.
Although it could sell off aggressively into the 1.05 region, it could also liquidate the 1.08 region before doing so.
Yes, you can look to sell here but I would avoid it.
I will be waiting for a sweep of these sides before I consider a trade.
Personally, I believe price will flow to...
Price has formed significant equal lows near a key psychological level.
I expect price to play buyers, lure them in while wiping out seller liquidity only to return to sweep again.
If my theory is correct we should see pushes back up into the structure zone, followed by manipulation, then a rollover to the downside.
I like the look of this and will keep my eye...