British Pound
Hello dear traders,
I previously explained the GBP chart, where the likely target for the decline could be the Order Block Extreme on the daily timeframe. I have identified the suitable buying area (personally, I do not make daily purchases without the confirmation of the 4-hour chart; after the 4-hour confirmation, the market has a Pullback scenario, and I often make purchases at this stage). Additionally, we are still in a bearish structure on the 4-hour chart.
Currently, the 4-hour structure has a significant Liquidity or IDM that is quite distant, which causes the market to attempt to create an IDM. For this reason, it is likely that we will see an upward movement towards the specified area, either to create a Meeting Imbalance or potentially lose the temporary low. This will, in turn, create a short-term IDM. This anticipated Pullback is what I am waiting for to establish a target for solidifying a future trend change.
Market Analysis: The target for the decline in the GBP chart is likely the Order Block Extreme.
Buying Condition: Personal purchases are not made without 4-hour confirmation, and emphasis on confirmation plays a crucial role in entering buy positions.
Thank you for your support!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
I previously explained the GBP chart, where the likely target for the decline could be the Order Block Extreme on the daily timeframe. I have identified the suitable buying area (personally, I do not make daily purchases without the confirmation of the 4-hour chart; after the 4-hour confirmation, the market has a Pullback scenario, and I often make purchases at this stage). Additionally, we are still in a bearish structure on the 4-hour chart.
Currently, the 4-hour structure has a significant Liquidity or IDM that is quite distant, which causes the market to attempt to create an IDM. For this reason, it is likely that we will see an upward movement towards the specified area, either to create a Meeting Imbalance or potentially lose the temporary low. This will, in turn, create a short-term IDM. This anticipated Pullback is what I am waiting for to establish a target for solidifying a future trend change.
Market Analysis: The target for the decline in the GBP chart is likely the Order Block Extreme.
Buying Condition: Personal purchases are not made without 4-hour confirmation, and emphasis on confirmation plays a crucial role in entering buy positions.
Thank you for your support!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
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