On Friday November 22nd the market reacted to a 1D fvg; which is the bullish narrative i wanted to see in order to confirm my bullish directional bias. I also applied Fibonacci to the fvg to locate a few long term price targets. Now, all that was required of me was to identify an ideal entry point which was offered today as an order block on the 2H timeframe. I...
London killzone manipulated above asian session highs, sweeping liquidity and testing the supply of a 1H order block and is respecting, i am anticipating strong bearish price action.
London killzone manipulated above asian session highs, sweeping liquidity and testing the supply of a 1H order block and is respecting, i am anticipating strong bearish price action.
30 min Bearish order block respected today running over 300+ pips in profit
While observing the market i developed a point of interest and determined where the next draw on liquidity would be. I am anticipating price to be distributed to the upside once that area of demand ( bullish order block) is tested
My point of interest is a 4H bearish order-block that price printed and has recently returned to, triggering me into a sell position, i applied fibs and entered at the level which corresponded with the mean threshold of the order block mentioned
Waiting for price to reach my point of interest for a buy opportunity
As price nears the order block that formed in the hours of 0930-1030 on the 24th of July i am prepared to enter at the mean threshold of this identified point of interest capturing sell side liquidity E:2423 Sl: 2427(48 pips) Tp2283(1396 pips)
Order block recognized in new york am macro, price swings above todays true day open to reach into it before continue the bearish orderflow
Order blocks from the previous week gets mitigated continuing bullish order flow
30 minute order block formed 0830 ny open entering off the opening price and targeting buy side liquidity
Us30 swept the low that formed on friday afternoon @ 12 to tap into internal liquidity(30m) fvg im now anticipating bullish orderflow
1H Order block printed in the new york session. price tested the supply in this ob shortly after, setting the tone for asian session and perhaps the london session when it comes
Order block recognized on the daily timeframe supports my directional bias as the market is definitely bearish
price came back for some internal liquidity for a deep discount, tapping the 95% discount levwel and is now pulling away majestically as anticipated
4 hour fvg recognized as 2200 approached trade is active i applied fibs and the 95% discount level corresponded for a pretty solid entry. i am anticipating btcusdt to reach for 54,995 which is roughly 864 pips with my sl being 63639 i am risking 28 pips
Finally, price has recently reached for and rejected off of a bearish order block that i had as my point of interest; I am anticipating a long term downtrend to follow since price is being rejected at the price 44,488. This price is significant because of the fact that I applied fibonacci to the swing high to the swing low to determine my area of entry. RFE:...
the market failed to displace above the previous days high so the market drew for internal liquidity so that price could follow a bullish narrative.