Price has broke structure on 4H and 1H time frame. We are not expecting an elimination of Order Block formed by the instition before the price fills the imbalance and drops and continues the trend. This would be scenario 1.
Alternatively, as Scenario 2 we can see the price filling the imbalance above first and then drop to carry on the Bearish Order Flow.
Note how price started bearish momentum as soon as it entered the premium
Alternatively, as Scenario 2 we can see the price filling the imbalance above first and then drop to carry on the Bearish Order Flow.
Note how price started bearish momentum as soon as it entered the premium
Trade active
Gold reacted at our POI
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▶ FREE Telegram Channel - t.me/algotradinggroup
▶ Website - algotradinggroup.net
▶ FTMO Pass Results - t.me/FTMOResults
▶ Weekly Signals Reports - t.me/weeklypips
▶ Weekly Profits - t.me/ATGProfits
▶ Website - algotradinggroup.net
▶ FTMO Pass Results - t.me/FTMOResults
▶ Weekly Signals Reports - t.me/weeklypips
▶ Weekly Profits - t.me/ATGProfits
Related publications
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.