Going long at the equilibrium due to the consolidation and breakthrough I'm waiting for the retest to happen at that given level.
Price did a 10 PIP stop run and reversed again, I'm expecting during the london session a reversal down the the 15 OB block and targeting the buy side liquidity, I'm taking a conservative approach the the first BSL, 1:9 RR using 2% thats 18% return.
H4 Order Block has pushed the market price away leaving it in a premium market meaning that institutions if the where holding longs to this level they would be shorting right now. BSL liquidity hunt is over and now I'm expecting sells to start happening.
The daily Order block has been touched and rejected, we could be looking for liquidity runs if institutions hold long positions. Looking to take profit around my Braker Block which is a premium market for institutions to sell their longs and either go net long or short. Overall the conditions of the market haven't shown enough evidence that that's gonna play out....
Price could make lower plunges before it does a liquidity hunt. it should at least go up again to purge the sell-side liquidity and then proceed with the original journey. This is known as AMD, Accumulation, Manipulation, Distribution.
Since price has been dropping very harshly lately, Price has left areas that the market could go and trade at.How ever looking at the chart making new highs price could be going for high resistance runs to pruge the buy side liquidity before proceding to have another sell off again. This means instatutions having their sort term buy orders baught at the discount...
Price is at a premium price with the 79% rejection indicating sell-side pressure. Looking for the sell-side liquidity to get taken out.
Wyckoff theory + liquidity and order blocks combined
Wait for the market makers to purge net shorts on the liquidity level and retrace to the 4-hour demand zone.
Stop hunt made selling to next area
Price has been building a lot of equity from both ends. Most retail buyers are thinking for shorting whilst that's realistic and I also think the long term could be that. I'd wait till the institution targets the liquidity that's building up from the sellers and buyers to stop them out before selling off strong. Regardless I'd wait for the buyers to get stopped...
This is a textbook example of the Wyckoff the theory that consist of two main structure the accumulation build up integrated with the stop loss hunt that institutions use to get equity and then the distribution which does the exact same but in reverse. Throughout the course, the market has respected the demand zone that held very strong even though the...
Last time price has been in a bearish channel but now I think the market is done correcting itself. Price has just touched my buy limit, I'm predicting a new high to be made. The London session has grabbed the equity from yesterday's sellers making a new high. Since price touched my institutional line supported by the weekly chart I'm now expecting the price to be...