Hello fam,
This pair is building liquidity on its way to the supply order block. Now, most people will be eyeing the previous daily high to look for the supply order block but will ignore order block just above the daily high (where my sell order is). One thing for sure is that for price to make the move downwards, it must takeout the majority. Always know this, "price must take before it gives".
I can't say for sure that the daily high will be violated but if I was the algorithm with the controlling power, I will take out the daily high with a shooting star. lol..
Let me know what you think.
Cheers
David
This pair is building liquidity on its way to the supply order block. Now, most people will be eyeing the previous daily high to look for the supply order block but will ignore order block just above the daily high (where my sell order is). One thing for sure is that for price to make the move downwards, it must takeout the majority. Always know this, "price must take before it gives".
I can't say for sure that the daily high will be violated but if I was the algorithm with the controlling power, I will take out the daily high with a shooting star. lol..
Let me know what you think.
Cheers
David
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.