Daily Pitchfork W/Choch on the lower boundary creating an equal high Demand Identified on the 1H TF beign the last swing which takes Internal Liquidity & moves upwards also considered a market manipulation On the 30Min TF liquidity as been formed on last friday on a consolidation zone during asian range having an imbalance below. Waiting for area to be reached...
Overall bia Bullish on high TF Although a huge Volume absorption to the upside from previous swing high to new one just created recently. The swing low that gave origin to the new high is broken right after external liquidity is reached, forming a vaild CHOCH in my opinion in the higher timeframes. both points above indicate possible reversal in order to grab...
Bullish trend indentified. Parallel channel is broken to the downside loosing volume as price falls. Swing highs and lows are defined as HH1, HL1, HH2, HL2. Two valid demand areas are identified but will focus on the most fresh demand which as a liquidity pool right above in the attempt of satisfying the imbalance that cause the BOS originating HH2. This area is...
On 3H timeframe: - Bullish trend - Parallel channel formed and broken - Decrement in volume from HH2 to HH5 - Breakout candle with volume but less volume than the one moving back to the upside bars after - Yellow Line acts as support line with significant reactivity from previous observed price action. On 15Min timeframe: - Reaction to demand on HL2, where volume...
3 Main AIO corresponding to valid order blocks 1- Supply that formed before big push to the downside creating a Choch on 1h TF, although maing swing low was not broken. bullish bias for higher timeframes 2- Principal Area of interest with order placed with appropriate risk management, has it the last demand formed before new high is formed on the 1h in confluence...
Bullish trend CHOCH on 1H timeframe reaction on demand Volume increased as price goes up order block below liquidity pool Resistance taken as taken profit
Orange box: 1st entry triggered on fresh demand in confluence with fib discount price and below liquidity pool, creating a CHOCH on the 15min TF Green Box: Unmitigated demand below internal liquidity pool 1st demand formed in the 5min TF that originated the CHOCH.
Intra day trade SMC following trend Valid CHOCH Confluence with fibs
Fake Choc identified Demand of interest still not reached to go long No price exhaustion observed Volume kicked in on area for short and started ranging indicating a possible reversal Since is counter main trend tighter risk management would apply
1st Break of Channel Extreme boundaries in the 1 Week timeframe chart Daily time frame chart presents a Setup for a short position: Imbalance, that got filled a posteriori Orderblock is one that manipulates the market Liquidity formation below area of interest The approach to the area of interest is with low volume. Price goes up but volume goes down...
Counter Trend position open. Objective: supply on lower part of the channel gets mitigated so then proceed to the upside and mitigate important levels of supply on HTF
Overall bullish bias on HTF Price didn't fully mitigated the upper channel presenting some momentum divergencies. Is expected for price to mitigate low of Asian range, and continue to the HTF supply in dominance
Previous structure on the 4h being achieved the retracement level of 0.786, MACD showing lower momentum, LTF confirmations. Target: first unmitigated demand on the 15min
Idea based on Channels and S&D levels. Price arrived at the key mid-point level of the down channel combined with the arrival at the 1st low trend resistance of the rising channel. BTC bullish BIAS assumed on the 1h and 4h TF