Ever since 24 Apr, we have been experiencing a wicky situation where we're squashed between the 1 Week Bearish Order block and the 4h Bullish FVGs.
Generally, in a consolidating range, I would expect any TP or SL to be less generous, we never know when we are going to go out from the range.
Even though we are expanding up, it is choppy, wicky, albeit. I consider...
I'm currently waiting for this kind of unicorn short entry at the 15 minute.
Things I am considering:
1. The right time for volatility to push price lower.
2. A good bearish confirmation in a lower time frame like the 1 minute.
My lower timeframe bias would be dependent on the 24-25 Apr 25 NDOG, if we get a bullish pullback from this, I will primarily look for longs. However, if we get an inverse of the NDOG, I will look for shorts until the 1 day bullish FVG.
There is a clear bullish candle on 07 Apr 25 that emerged from the Aug - Oct 23 bullish order block. Followed by the 21 Apr 25 bullish candle, I have yet to see if we will respect the bearish order block at 17 Mar 25 or will it make a bearish breaker.
For smaller timeframe entries, I expect my TP for a long below the bearish OB to be at least the lower edge of...
This month experienced about a -17.88% maximum drawdown. There are two bullish order blocks from Aug - Oct 23 and Sep 24 that is currently acting as support.
My bias is currently bullish with consideration of a day consolidating because we are inside the Sep 24 bullish order block.
