Following last week’s sustained bullish rally, price has just completed an M formation right above a 4H order block. The second leg of the M coincided with a bearish pin bar on the 1H and a clean bearish engulfing — textbook signs of distribution.
Price Action Insight:
Instead of breaking down immediately, price is returning back toward a minor OB near the second leg — a common smart money trap designed to fake a bullish continuation, trap late buyers, and then engineer liquidity before the real move down begins.
Key Bias:
I am short-biased. Structure has flipped. Liquidity above the M is cleared, and now the market might be looking to deliver into downside inefficiencies. News, in my opinion, will likely act as the catalyst — not the cause — for the next impulse.
What I’m Watching:
OB retest near 4H M-top
Rejection wick or lower timeframe confirmation on retest (15m–1H)
Reaction around 1:30 PM news (USD CPI or relevant event)
Trade Management Tip:
If you’re already in this trade like I am — manage it smartly. Never enter solely based on someone else's idea. Make sure your bias aligns with your own technicals, confirmations, and risk.
Disclaimer: This is not financial advice. Just how I see the chart based on structure, liquidity, and price action. Trade your own plan. Stay sharp.
Price Action Insight:
Instead of breaking down immediately, price is returning back toward a minor OB near the second leg — a common smart money trap designed to fake a bullish continuation, trap late buyers, and then engineer liquidity before the real move down begins.
Key Bias:
I am short-biased. Structure has flipped. Liquidity above the M is cleared, and now the market might be looking to deliver into downside inefficiencies. News, in my opinion, will likely act as the catalyst — not the cause — for the next impulse.
What I’m Watching:
OB retest near 4H M-top
Rejection wick or lower timeframe confirmation on retest (15m–1H)
Reaction around 1:30 PM news (USD CPI or relevant event)
Trade Management Tip:
If you’re already in this trade like I am — manage it smartly. Never enter solely based on someone else's idea. Make sure your bias aligns with your own technicals, confirmations, and risk.
Disclaimer: This is not financial advice. Just how I see the chart based on structure, liquidity, and price action. Trade your own plan. Stay sharp.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.