A bearish move that broke the Daily orderblock, went back to retest the low thereby i saw the evening star candle formation, then a lower low formed which validates the bearish move. However, i waited for price to get to premium which is above the 50% fibb level so i can prepare for short....it played out as planned
Daily Sell stop liquidity taken which is an institutional level, then another minor sell stop taken in 1hr which confirms we should expect a bullish move. However, a w pattern was created in the 15mins time frame which broke structure and retested the 15mins Orderblock and confirmed the long setup
Bearish liquidity void filled which created an equal high/clean high. On the four hour Orderblock we have a rejection candle and Liquidity Pool (Institutional Sell).
This is a setup of EURUSD. However, my analysis shows the USD is going to be weak causing the pair to go LONG(BUY). From my Technical analysis i see an inverted head and shoulder pattern, break of trendline to the upside and a retest which forms the right shoulder and also 61.8 fibb level.
