Counter trend set up trade Shorting position at 2670. Daily BIAS remain bullish. Going down on 1hour TF, you will see that EQH has been taken mitigating the orderblock that correspond with IMB on the same time and price. SL2690 TP1 2619 TP2 2600
Daily BIAS is still at bullish trend, now looking at the one hour timeframe, price is approaching imbalance area to mitigate the orderblock. The FVG Area is perfectly aligned with 50% discount area from impulsive move candle to the downside High 2644 To Low 2574. TP1 2644 TP2 2680 SL2580
Daily is on continuous leg to the downside. This move correlated with 1HR and 4HR That created valid OB with FVG. -CABLE (Short 2659) ... TP2592 SL2684 ...
I see daily candle going for a retest area at price level 1.2800 before going for a continuation.
weekly timeframe is about to retest in correlation with trend line in daily timeframe. 1hr shows it has purge the buy side liquidity and is about to follow the momentum of higher tf.
GU goin up breaking the trend line resistance. I’m expecting the price to go and settle to 2719. I will secure profit at break even at 2560.