There’s a possible retracement towards the supply zone area, but also looking to take long positions from the POI towards the supply zone area , so I’ll be definitely checking the movement throughout the week for possible opportunities on this one.
As per market structure price failed to break through the recent low on DTF. So im expecting price to push back to fill the imbalance to balance trades and grab liquidity on those who took swing short trades then ush price back to the downside but for lets follow the money till we fill out the imbalance on DTF.
As We Wait For Price To Tap Into Our Demand Zone To Consider Longs On GU...
we looking for price to drop/tap into our zone as highlighted thats our 15M Demand Zone/OrderBlock That broke structure on the 15M TF, so price will definitely tap into it and push up...
PRIOR TODAY PRICE WICKED THE DEMAND ZONE AREA...
As I anticipate that price will break structure & trendline liquidity created to head back up to 142.073 to fully fill/mitigated the supply zone area the possibly drop, as per weekly cycle structure price is bound to reverse back to collect all the orders @ 142.073 then we could possibly drop..
NB :wait for price...
PRICE MITIGATED THE 1H DEMAND ZONE/ORDER BLOCK AND HAD A CHOCH ALONG WITH BOS,EXPECTING PRICE TO RESPECT THE BULLISH TREND TILL 1.11989...
Will Be Adding Longs @ 1.10997 If Price Retraces After The Occurred Impulsive Move Till 1.11989 To Fill The Imbalance/FVG Created From The Supply Zone Area Created...
we had a distribution on btcusd and broke structure to the downside to fill the imbalance and surely we'll retrace back into the first poi created on the 1H TF,which is 29717.00 after mitigating the supply zone area for confirmation entries head to 15M TF and Wait for BOS and look for the start of the impulsive candle that broke structure or you can enter...
