After a choppy start to the week, Thursday and Fridays price action saw a few nice breaks of structure to confirm a current bearish market, For now. I say for now as it only takes a few days for price to switch structure, but until that happens we will certainly be looking for High timeframe sell zones to just trade with the current order flow. There will be...
For me last weeks price action did not really add any significance to the structure of the market. Failures to go bullish after touching 4 hour order blocks along with failure to break structure to form a bearish structure. I will be interested to see if this current zone that it is in will carry on being respected or if it will fail. I don't think this is a...
EURUSD 4 Hour chart breakdown Price has been bearish for a few months leaving unmitigated order blocks, imbalanced price, and equal highs in. Last week we saw a break of structure on the 4 hour time frame and Fridays price added to a set of previous equal highs, Or as retail strategies may suggest a level of resistance. But from a smart money view of things I...
This is my breakdown of GBPUSD on the 4-hour chart. We have had a nice bullish run but I believe no significant structure has yet been broken for me to think this will continue. I believe price may continue up a little bit into the start of next week to around 1.3900 before a bearish move for the rest of the month. But of course, if we get a clean break above...
I try not to predict price too much and react to the opportunities that the market gives me. But if I had to suggest an idea for the end of the month it would be as I have described on the chart. liquidity to be grabbed as well as potentially tricking people into fake market moves as the month comes to an end. Be patient and make sure you have for confirmations...
A Bearish week for EURUSD last week Will it continue into next week? With a 1 Hour order block sat at 1.7100 that could be used to push price further down. But I would want lower time frame confirmation before executing a trade. If price breaks through that order block substantially, we could be in for a nice bullish move. I will 100% be letting price make...