This is an active trade, entry should be from that bearish breaker block , we wait for price at higher time frame point of interest below 👇🏽
Hey guys, its Been a while, so this is a trading idea from my markup, the major move is bullish, but we need a strong sell move to the Point of interest below, so price has returned to a strong supply zone after taking out inducement.
Following the story of price, we are just returning from mitigating a sell order block , liquidity has been engineered on the way, presently price is taking out liquidity as it makes its way down 👇🏽 , what you see on the chart 📈 is price taking out buy side liquidity, a stop hunt maybe, but what we know for sure is, price has offered us a premium pricing,...
On the chart we clearly have a bullish order flow, presently price pulled back to a weekly F.V.G (fair value gap) , fair value gaps are entry points too, so price did a consequent encroachment, and is heading up... LONG THE USDJPY
The EURCAD has just completed a market maker buy model ( MMBM) both on the 4hour timeframe and daily time frame It has taken buy stops ( BSL) which is another confluence and reason to SHORT the EURCAD , we can remember that there is always SELL orders above Previous highs, either Previous week highs, previous day highs or old highs Its time to find SELL...
Presently price is on the verge of taking out the Buy stops, we expect Shorts from Above the BSL
Institutional order flow is bearish at the moment, price taking out lows , creating lower lows. Buy side liquidity taken, price moving to take sell side liquidity at the moment
The general directional bias on NZDJPY is long , because both on the daily and weekly price is making higher lows, price is respecting the lows and breaking highs. Presently we are looking at price consolidation, after breakout from a bullish channel. Next we would be looking to break to the upside to fill the liquidity void resting above that consolidation,...
Price is coming from a sponsored candle, formed a range structure and then breaking out into another consolidation, price is currently moving to takeout the highs and consequently fill the liquidity gap above
Price reaching to take sell side liquidity , and then reverse to complete Daily AMD, MMBM , and also take liquidity resting above equal highs
The market is choppy on the higher time frames, price has taken BUY SIDE LIQUIDITY and heading for sell side liquidity , to finish MMSM , price would look to take out liquidity resting above the equal highs created previously to complete a market maker buy model