Price seems to be giving us equal lows above a fair value gap. And we have what I call a king order block that aligns with a structure line. Buy idea is favored once price come down , taking out the lows and trading around the structure line. Alternatively, we might wait for price to come further down below the structure line and reaching the other order block...
Price is generally down trending on daily time frame. It has broken a structure and going bearish. We have a fair value gap now and if price will continue to give us equal highs below the fair value gap for a while , then I will confidently sell if price trades back up around the structure line especially with that order block or rejection sign that aligns with...
Daily is bearish. I would love to see more equal highs and FVG resting on it. Then entry @ 78% fib retracement.
My concern is that this is on 2hours time frame. It would have been perfect if it was on 1 our time frame.
Market is bearish on daily. 1 hr TF created liquidity and FVG above. entry at 71% fib retracement.
Timing is my concern and also the FVG is wide o 1hr TF.
Thanks
Daily is bullish, and we have the FVG below liquidity/equal lows. I will buy if price retraces back to the bullish order block at around fib retracement of 71% to 78%. To take profit at 1:1 and then just at the level of the current high. Bad timing though as this is Friday.
Personally I don't trade Fridays and Sundays and sometimes, Monday is out of it.
Order Block that grabbed liquidity and made a lower low. Price has just returned to it. I expect a bearish move at this point every thing being equal. Just probabilities guys.
Equal highs and an imbalance resting above and an order block. bearish on daily. I would have preferred it if the market give us more equal highs there. Anyway, we trade it 1:1 and then 1:3
