In a 1MTF, the pair is breaking the lows.
The price where it is, it seem as it pulls back
We wait, above the current price there is inducement/$
Above $ there is Monthly OB, there is indecion candle where the OB rests
Now, if the price will break OB and the montly candle will close above previous high, we shall consider to be monthly choch.
If it will be so, we shall wait it to drop with a liquidation move and shoot it up again
If the price will touch Ob/supply, we shall wait for confirmation for sell.
Liq sweep+choch+retest of zone+drop
The price where it is, it seem as it pulls back
We wait, above the current price there is inducement/$
Above $ there is Monthly OB, there is indecion candle where the OB rests
Now, if the price will break OB and the montly candle will close above previous high, we shall consider to be monthly choch.
If it will be so, we shall wait it to drop with a liquidation move and shoot it up again
If the price will touch Ob/supply, we shall wait for confirmation for sell.
Liq sweep+choch+retest of zone+drop
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