as we can see on 1 hour chart price made new high representing an uptrend and at the moment we see price pulling back and since yesterday price been accumulating more order for a push-up, and as of today price has a purpose to mitigate to an OBIM and sooner we expect price to surge to the upside.
we should expect a bearish move on eurjpy since now price in rising to mitigate a d1 and h4 order block, but also the overall market structure on HTF is bearish because on D1 a structure has been broken with exceeded volume.
H₄ Support turned to a strong resistance ( SR FLIP) and in 15 min TF market shift has been initiated, so now we wait for price to reach the resistance, and we sell as indicated on the chart via short RR tool. We expect a fall of 200 pips.
As we see in the Daily TF price has to mitigate back to the OBIM, and also we can see recent price action was inducement that had price ranging, but we should expect a bullish price to the bearish order block then a sell off.
usdchf typically its bearish order flow, as we can see previous bullish HL was broken and price created a LL justifying a change in price action, and now we can see price went to grab liquidity as well mitigating some orders to H1 OBIM.
i have set a sell limit when price comes back again to test the block and execute my sell order for a 165 pip TP & a 10pip SL. R:R=1:16
Typical price dominance is bullish, as we can see in daily price already had collect buy orders and price forming HH series, so as for this week we wait for EQL to buy NZD for 480pips upto the weekly key resistance.
on a D1 time frame we can see a large market structure shift, since price made a LL breaking the HL of the uptrend market of April 2021, then made a compression towards the supply zone (0.93696) to collect sell liquidity for the downward move of 420pips.