US100USD: Promising Buy-Side Potential!
Updated
Greetings, Traders!
Brief Description🖊️:
Currently, on US100USD, I am observing bullish momentum entering the market. After retracing into discount prices, the price began pushing upwards, engulfing bearish candles and indicating a change in state of delivery, which means a bullish order block formation. The price then retested this order block, found support, and another bullish order block was formed, which is currently being tested. The mean threshold (middle line of the order block) has been rejected multiple times, suggesting that the order block may strongly hold as support, allowing the price to continue rising.
Things I Have Seen👀:
Bullish Targets📉:
What's Important Now❗
Monitor the price action around these key levels to confirm bullish continuation and identify profitable trading opportunities.
Best Regards,
The_Architect
Brief Description🖊️:
Currently, on US100USD, I am observing bullish momentum entering the market. After retracing into discount prices, the price began pushing upwards, engulfing bearish candles and indicating a change in state of delivery, which means a bullish order block formation. The price then retested this order block, found support, and another bullish order block was formed, which is currently being tested. The mean threshold (middle line of the order block) has been rejected multiple times, suggesting that the order block may strongly hold as support, allowing the price to continue rising.
Things I Have Seen👀:
- Bullish Momentum📈: The market is showing signs of a bullish order block formation after retracing into discount prices and pushing upwards.
- Order Block Support🟢: The mean threshold of the current order block is being rejected multiple times, indicating strong support.
Bullish Targets📉:
- Failure Swings: These possess buy-side liquidity.
- Liquidity Void: The main objective is to fill this inefficiency.
- Balanced Price Range: Located above the liquidity void, it is the last point where the price was efficiently delivered.
What's Important Now❗
Monitor the price action around these key levels to confirm bullish continuation and identify profitable trading opportunities.
Best Regards,
The_Architect
Trade closed: target reached
Target Reached: Price has successfully reached the Balanced Price Range. In doing so it has filled the Liquidity Void.Refer:
Best Regards,
The_Architect
Note
June 10, 2024: US Indices Weekly Forecast: Top Trading Strategies Revealed!Refer:
Happy Trading,
The_Architect
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