Ictorderblock
AUD/JPY Forex Analysis and ProjectionThe AUD/JPY has been falling for some time now, there has been a massive push to the downside which means the overall trend is bearish. Price trades lower and retraced back up creating liquidity, took liquidity it created, which makes it suitable for a sell opportunity to at least the liquidities below and on it's way to take out that liquidity, fair value gap is there to be filled.
(NZD/USD) Potential Long Term Move Down V2An alternative situation - we have a very well-respected Trendline that has a high chance of getting manipulated. The green area marked above also has a lot of orders laying above so we could see those highs get taken out as well as mitigate a bit more of that Orderblock
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(From my previous post)
This is a Daily Timeframe perspective.
The Market has just tested a strong Bearish Ordeblockwhich is supposed to hold the market down. We also made a deceleration, going from a bullish market which is now a bearish market.
The black lines that are drawn on the chart, is Sell Side Liquidity which are attractive targets where the majority of Orders lay in the market,
The yellow areas are imbalances, where the market has moved too fast, creating inefficiency, so the market should fill a lot of these yellow areas. Another attractive area which the market wants to mitigate.
The blue area marked up all the way down is a bullish Orderblock, which could be a potential reaction point.
I don't know how far the market will drop, but I do expect a lot of these areas to get filled.
GOLD Breakout, What's next?
Dollar Falls as Fed's Chairman Powell Maintains Dovish Message.
U.S. Treasury yields fell after Federal Reserve Chair Jerome Powell on Wednesday maintained his view that strong inflation will be temporary, even after data showed for the second day that price pressures rose more than expected in June.
Gold jumped on Wednesday after U.S. Federal Reserve Chair Jerome Powell reassured investors that the central bank would continue its accommodative monetary policy despite a spike in inflation readings.
Likely market pullback before upside continuation? Leave your thoughts on the comment section below.
Order blockPrice has gotten to our POI meaning we reading to go short cause our order block has been activated
GBPUSD | Market outlook Britain’s pound steadied against the dollar on Friday, recovering from two-month lows after a print of U.S. jobs data pushed the dollar lower. Earlier on Friday, sterling hit fresh two-month lows against the dollar, pressured by dovish comments from the Bank of England’s governor.Bailey’s comments knocked the pound to its lowest since April 16. But after the dollar was weighed down by some weaker details in an otherwise strong overall U.S. jobs report, sterling recovered some ground to trade 0.15% higher.
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Currently approaching Daily orderblock level with a potential sign of a significant reversal to the downside. However, with the last push to the upside coming in the way of being very impulsive the likelihood that we could turn bearish at this moment is quite low. So, with that being said I am looking for potential short term buying opportunities, until the buying level is broken then a bearish mindset will come into play.
Any questions feel free to ask