When Price Gapped below the lows clearing the buy stops, that to me indicated price wants to chase liquidity for the sellers now at ultimately of 1.27710. Since gapping, price has shot up as expected. Im looking to buy on the retrace into a Bullish Oderblock
With a head shoulder completed indicated by 1. 2. 3. they exploded to the downside expecting a retracement b4 i sell this pair.. Im also long GPBUSD, USD is is weak at the moment
Price is seeking Liquidity.. After gapping and clearing buy stops; price has screamed up sweeping sell stops along the way, may consolidate at price rn, maybe even sweep lows from consolidation to move to fill the fair value gap
There is liquidity on both sides of price, but i see the nearest liquidity is bearish about 60-100 pips then rise upwards to fill in fair value gaps. I believe it will be in a range chasing liquidity. Lmk what you think, thanks
After dropping from the structures previous high, it retraced into Existing bearish Oder Block and continued to expand down rapidly. Price consolidated after clearing low (buy stops losses) showing market is collecting orders for liquidity. The Next couple hundreds pips I'm bullish for this pair, although may see price drop below consolidation about 30 pips before...
Eurgpb may form a head and shoulder pattern, drop & break support trend-line, then predicting retest of now resistance trendline dropping to main objective taking out buy stops and touching previous high left of the first blue zone. Will use moving averages as TP% points and compounding entries.
Pink zones are support (see Nzdusd Position Long) Yellow zones are resistance based on this 4hr chart. looking for long positions at pink support zones
Very Strong Support zones indicated by the yellow boxes. Previous structure low breaking double top zone indicating bears weak ; resistance now becomes support. Looking for it to bounce off channel trendline if break through red trend line
A double Bottom on the weekly as Indicated with the yellow box followed with a strong support zone in the blue box. Take Percentage of profit at the dotted lines
