TIMES ARE CHOPPY AT THE MOMENT BUT WE ARE STIL ANTICIPATING A RUN TO AROUND 54k. possibly not today.
for daily objectives:
anticipating a run to the market areas tp 1 , tp 2 and tp 3
take some profits off tp 1 we are not certain at the moment whether tp 2 and tp 3 will be hit.
unless institutional support is seen to support the idea.
if you like my type of...
reference for this trade idea comes from daily tf analysis
INSTITUTIONAL ORDER FLOW IS UP AND POSSIBLY WILL FILL THE VOID NOT NECESSARY THIS TRADE BUT ENOUGH TO TAKE OUT LIQUIDITY ON TODAYS HIGH POSSIBLY remember to take partial profits AS WE FILL THE FIRST PRICE INEFFICIENCY (IMBALANCE).
A STOP HUNT ON AN OLD LOW AS WE APPROACH THE DAILY OB, a reversal for a...
IF THE CRYPTO GODS ARE WITH US.
AND MATIC GETS A RETRACEMENT TO THE MARKED ORDER BLOCK WE GOING LONG.
WE HAVE ALREADY BROKEN THE PROTECTED HIGH SHOWING THAT INSTITUTIONS ARE NO LONGER GOING SHORT.NOW WE WAIT FOR PRICE TO COME TO US.
WHEN PRICE REACHES THE H4 OB WE GO INTO LTF FOR OUR ENTRY
TRADE SETUPS ON BOTH SCENARIOS AS IT STANDS..
AT THE MOMENT ITS TOO HOT, (MORE THAN 78.6% RETRACEMENT) TO ENTER WE ARE LIKELY TO RUN THOSE EQUAL HIGHS ,THERES LIQUIDITY.
AND PROBABLY GO TO THAT ORDERBLOCK FROM THERE WE"LL LOOK FOR SHORT SETUPS ON LTF.
IF PRICE RETRACES TO THE ORDER BLOCK AND ON LTF AND A BULLISH PATTERN IS OBSERVED OR SIMPLY AS THE PRICE IS REJECTED FROM THE MIDDLE OF THE OB.
I THINK PRICE WILL GO EVEN HIGHER TO TAKE LIQUIDITY ABOVE THOSE PROTECTED HIGHS
possible retracement to 4hr Order block. looking for proper entry at LTF (LOWER TIME FRAMES) POSSIBLE REJECTION ON H4.
possible filling on the imbalance . hence the retracement.
I totally get how its like trading in this extremely volatile market we are in. but dont get too carried away especially if you are counter trading the main trend (the bears are in great control) remember its been 8 straight weeks and we are no where close to over shadowing the may 19 capitulation week, we've been ranging.
theres a potential short coming.
On the 4hr we are deeply in oversold territory , so first possible retracement ....(long)
if price manages to respect the OB (chart patterns work and most liquidity is taken out,we will see a brief retracement
