This trade setup can lead into being confluence of an entrance if there's inducement being taken out and the 4hr TF POI being respected. This can lead to the LTF being used to find entries off the range formed after the POI is respected
Price is in an obvious down trend and then had a CHCOH recently and a BOS making the market go into a bullish trend and then was rapidly taken out by a bearish move with a high amount of volume which left a large amount of imbalance followed by a CHOCH and BOS. Due to the mass volume, I believe that a extreme order block would be recommended. Also, as confluence,...
Market has just respected a 4HR demand zone that had caused huge bullish momentum in the market which provides the confluence that the market will continue a downtrend. Currently on the 1HR TF, I have just identified an that is unmitigated that has been confirmed with a FIB that gives more confluence to this setup which confirms the OB to be possibly hit before...