The Institutional Orderflow on the weekly and monthly is bullish. Price consolidated for a while then broke to the upside. I anticipate a classic OTE retracement into the daily BISI and pursue higher prices with a monthly SIBI as my ultimate target.
After today's candle close, I expect the fiber to tap into the daily Sellside Imbalance and Buyside Inefficiency during either New York or London to sell further and take out the liquidity below. I'll look for sell opportunities during those periods.
Price is obviously on a bullish trend on the Monthly Timeframe. I love to start my analysis from the higher timeframes. Price formed a higher high then proceeded to a possible higher low through the current retracement. Price is currently respecting a monthly orderblock in a bullish environment therefore I expect price to buy up into the Sellside Imbalance Buyside...
I believe the high of the week formed during London session on Tuesday. With a bearish bias in mind from the weekly, I expect price to tap into the 4H Sellside Imbalance Buyside Inefficiency during either New York or London and sell.
Price was creating lower highs and lower lows on the 4H which indicates a downtrend. After a 4H break of structure, price retraced to a 4H bearish orderblock. I went down to the 30min timeframe and spotted another break of structure and currently awaiting a retracement to the orderblock that caused the bos doing london or New York.
Having a bearish outlook for the week, the supposed high of the week formed on Tuesday within the daily imbalance. OTE formed during New York session today with a chance of taking out the sellside liquidity. I waited for a 5min bos and currently awaiting a retracement to a 5min -OB during New York or London session tomorrow.