Working off a confirmation entry here.. as you can see, euraud already mitigated a previous 1 hour institutional candle.. leaving behind another one. Didnt get a super convincing BOS off the previous mitigation though. So we will see.
Looking for Eurjpy to take the equal highs that i have noted. To the naked eye i can see why people would be selling there cause at first glance i was just looking at the fact it reacted off a previous supply zone and i was going to play off that.. But looking a little closer i can see the liquidity and it looks like a nice target for the banks with a...
As you can see, we just hit a 1 hour institutional candle... im personally not trading this since MFF doesnt let you trade crypto on the weekends. but im interested in whats going to happen here. Not saying this is a buy. If we dont respect this area here then im leaning towards a bearish run down to the protected low.
This is a decisional point in my opinion....
Long term forecast on eth... IFFFF we break the low that ethereum is approaching then we can begin to look for sells i belive down into the 4hour Orderblocks that i have denoted on the 4hr lines. Im ultimatley looking for buys from one of those areas, but its going to take time to get there right, and seeing all the imbalance on this current swing im leaning...
Looking at two areas on BTC. If we follow the trending market model then the first area makes sense but the first area also makes sense as liquidity that should be taken.
Oz.Fx
