Displacement has occurred and we have a Market Structure Shift in play off the Fair Value Gap from the Weekly Time Frame. I will anticipate the 30min -FVG gets tagged with stops above the most recent high and aiming for imbalances and also the sell side with relative equal lows.
The red zone at the bottom comes from the daily bias of what price did at those levels Price Came up again broke out of the daily fair value gap and then Market Structure Shift occurred. Price hit the 1hr Fair Value Gap and price went long. Currently we have already broke relative highs on buyside liquidity and have came back into range Tomorrow I would like...
High and Low formed Premium Discount to go Short 5min Displayed Opportunity
Daily Candle has created a low and high Low 0.62474 High 0.63126 8/18/2022 Aiming for the relative highs at 0.63644
If and when price is under 1.67758 and candles are closing bearish, more than likely price can continue down to 1.66533 Either a break and retest will work for an easy 10pips minimum or sell stop around 1.66750
Price is under support. closing bearish more than likely price will fill in the empty space 1.37981
The markup states what is needed in order to jump in a trade. The best choice would be to stay on the 15-30min Time frame to consider an entry. I myself will wait for the right time to execute and order and if there is nothing or price has already moved before I started work then I wait again for the next chance.
Price is having a hard time to break above the zone or at 0.69258 nice strong valid resistance level on the 4hr time frame. Jump into the one hour and you already have LL LH LL LH Get in on the next pull back.
Price has hit an area of indecision and has kept making new highs Wait for the gap and jump into any pull back going. If Price continues down 0.70812
Area of buyers are holding their ground and pushed price to new highs Sellers came in bring price back down to the exact are made the break. Probability for me is that I am betting price will go back to resistance where sellers are waiting for price to keep moving up. If anything there is an explanation of what can happen if it keeps going down.
I am playing the probability that the neckline will hold and push price down 4hr has tested the previous low
Explanations are in the markup .
We are in an area of sellers that push price down to break the previous lows creating new ones. Waiting for consolidation to break in whatever direction it wants to go. 30PIP SL
Price has drop and broken previous major and minor support levels and created a new low. 2hr is showing a quasimodo forex pattern with a high probability to the fall after breaking support with clean traffic looking left.
Markup with entry coming this week with a 25pip stop loss
Markup is drawn out to show what is to come if the probability plays out.