Stranger619
Price is currently on the expansion leg/ distribution as we expected last week refer to my previous idea it showed willingness to go higher, a retracement to the FVG would be ideal to look for longing opportunities
Weekly Internal range liquidity FVG to External range liquidity Swing High 4HR Power of three, accumulation - manipulation - Distribution 4HR candle close above the Breaker is a confirmation My Plan : take a swing trade + Intraday positions
two scenarios in mind, First one: price keeps going up to the ERL and im not interested in engaging with price then Second one: price retraces to the Discount FVG and then ill monitor price on the 15mn TF to see if there are any signs of confirming our long idea, Remember Time must align with Price ...
im only interested in taking long positions on USDJPY for the next couple of weeks till we hit that External range liquidity
After taking External range liquidity our next logical target is the internal range liquidity in the form of the daily discounted FVG
price only does two things, clearing liquidity above old highs and below old lows, and balancing imbalances on the market, it did both on the buyside, what is left ?
NZDUSD cleared Liquidity on the daily, hit a weekly FVG, MSS on the 1HR, you either wait for that retracement to premium and take a short, or wait till the 5mn tf shows indications to go down when it reaches that area