Liquidity was grabbed on May 9th, forming an order block and a sub-sequent impulsive bullish move. that boke previous structures. The price is expected to go up again once it hits the order block. Also, if you look at volume profiles, we have coincidence with a low volume node, that eventully would not support the price drop. I would not take this trade though as...
7 May price did wick to the south to grab liquidity and a sub-sequent impulsive move to the upside was observed, this formed an order block. the price is expected to push up again once it hits the order block. Let's see if there is confirmation once the price gets there, to decide if this trade is worth or not
Liquidity grab with sub-sequent price rally has formed on April 22. The rally was strong enough to break previous structures. The price is expected to go to the north again once it hits the order block.
Big amount of liquidity was grabbed by institutions on Feb.25. After that a big push to the downside followed, with break of structures. Banks and institutions are pulling the price back up to the order block, to mitigate their positions. Price is indeed pulling up in a corrective way. A sub-sequent push to the south is awaited once the price hits the order block.
Impulsive bullish move formed on april 13 after liquidity grab. Another rise in price is awaited as soon as the price hits the order block.
Impulsive down move formed on March 23, breaking structure to the south after liquidity grab. Market makers are now mitigating their position, going up to the order block. A sub-sequent down move is awaited once the price hits the order block
Price has approached the top of a very visible parallel channel as well as a resistance area. It's dangerous to trade short as big banks, hedge fund, institutions will have the opportunity of a big amount of liquidity that they will use to fill their orders. Basically they might drive the price higher with big capitals, and hit all retail trader's stops. Be carefull.
The price has approaced the value area upper boundary. Volume profile is considered in the area where price has formed an ascending channel. No much volume are expected here, to sustain the price rally, therefore a reversal is expected. Shor position: Target will be the nearest demand zone, price will also be actracted by the Point of Control of the value area.
Price has approached a Low Volume node with decent momentum, the low volume will not support the price rally, a reversal is expected to the down side. Target will be the demand zone below, considering that we have great liquidity just above the demand zone, that would enable big institutions to push the price higher from that point on.
In case price approaches the Low Volume Node at 1.20100 with good momentum, a reversal is expected considering that the low volumes will not be supporting the price rally. Volume profile is drawed in the area where price formed a discending parallel channel. We have confluence with the value area high that acts as resistance and a supply zone at the same price...