Gold has dropped down into the 4hr FVG on Thursday just to grab the sell-side liquidity in order to continue going higher. On Friday, the price has closed above the open price of the 4hr Bearish Candle that took out all the liquidity, and that would make it a valid Order Block to rely on to climb back up. Therefore, it is now confirmed that Gold will continue...
USDJPY has showed a significant reversal after taking out the low of the previous week low, leaving a daily order block. This week price has swept Monday's low and closing above the open price of the last bearish candle making it a daily +OB, which did support the price yesterday and made that jump.
In London session price has taken out the 4-hour candle range low leaving behind a 15-min Bullish Order Block which has been mitigated during the news release.
EURJPY has reached the weekly fair value gap. The price grabbed the liquidity in the 4-hour timeframe and showed signs of reversal. On Friday, the price moved back into the 4-hour order block and surpassed the low of the 2-hour candle range before closing back in the range. This has established a new bullish order block and there is potential for it to trigger a...