1D Timeframe:
Market structure has transitioned from a bullish trend to a bearish one.
Inducement has been removed, mitigating the previous Decisional OB (Order Block).
The price continues to decline.
1H Timeframe:
The structure is breaking to the downside, indicating a bearish trend.
We are waiting for the Inducement to be taken out, with the possibility of mitigating the recent High-Volume Order Block (HP OB).
Upon receiving all necessary confirmations, we will enter the trade.
Target: The low of the 1D timeframe.
Best regards,
Trader Kenmi
Trade active
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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.